2021 (11) TMI 1190

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....r the Respondent : Mr. R. V. Easwar, Senior Advocate a/w Mr. Niraj D. Sheth i/b Mr. Nitin Dhumal P. C. :- 1. Heard. 2. Following substantial questions of law are proposed by the Appellant : (i) Whether on the facts and in the circumstances of the case, the Hon'ble ITAT was right in deleting the addition of Rs.22,45,06,500/- made on account of cash donation collected outside the b....

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....ginal rate and remainder income shall be chargeable at normal rate of taxes. As such, interpretation of Mafatlal decision is in direct contravention of the earlier decisions of Bombay High Court in the case of Shardaben Bhagubai Mafatlal Public Charitable Trust (247 ITR 1) and also of the Hon'ble Apex Court in the case of Director of Income Tax Vs. Bharat Diamond Bourse, 2002 ? 3. As regards Qu....

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.... by the Assessing Officer relying on documents found during the search at the residence of Principal Trustee of Respondent - Society ? 5. Mr. Easwar, learned Counsel for respondent, waives service. 6. The Registrar (Judicial) / Registrar, High Court, Original Side, Bombay to ensure that the original record in relation to this Appeal is summoned from the Tribunal and offered for inspection of....