2008 (8) TMI 348

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....GMENT The judgment of the court was delivered by K. L. MANJUNATH J. - This appeal is by the Revenue challenging the current findings of the Commissioner of Income-tax and the Income-tax Appellate Tribunal, Mumbai, dated April 27, 2004, in I. T. A. No. 6613/MUM/97 raising the following substantial questions of law: (1) Whether the appellate authorities were correct in holding that donation....

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....nd in favour of the assessee by the judgment of the Supreme Court in Madras Industrial Investment Corporation. Ltd. v. CIT [1997] 225 ITR 802. 3. In regard to question No. 1 is concerned, both the authorities have concurrently held that the donation paid by the assessee to Vidya Sagar Hospital has to be allowed as deduction in view of the exemption granted to Vidya Sagar Hospital for three cons....