Tribunal Cancels Registrations u/s 35C for Fake Donations; High Court Upholds Tribunal's Decision as Reasonable.

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....Bogus donations - addition made as donation in question to the trust was not “genuine” - registration granted to those organisations / trusts u/s 35C were cancelled with retrospective effect - tribunal noted that there is nothing on record to show that the respondent/assessee connived with the scheme of arrangement between the concerns in bogus billing etc. and deleted the additions - We find the reasoning given by the tribunal to be just and proper and cannot be held to be perverse. - HC....