Application of income.

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....e such sum is,-- (i) paid during such tax year; and (ii) such payment is allowable under sections 36(4), (5), (6) and (7) and 35(b)(i); (b) 85% of the sum paid by way of donation made to any other registered non-profit organisation; and (c) nil, with respect to any sum paid as a corpus donation to any other registered non-profit organisation. (2) The applicat....

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....end of the tax year in which such application of income was made from the loan or borrowing; and (ii) the application of income from the loan or borrowing is made after the 31st March, 2021 and there was no violation of any provision of this Part, or any corresponding provision of the Income-tax Act, 1961 (43 of 1961) with respect to such application. (3) The following claims shall not....