TMI Blog2005 (9) TMI 662X X X X Extracts X X X X X X X X Extracts X X X X ..... ssee was trying to introduce unaccounted money by way of donation receipts – There was, therefore, full disclosure of income by the assessee and also application of the donations for charitable purposes. It is not in dispute that the objects and activities of the assessee were charitable in nature - Held that Section 68 has no application. See Director of Income-Tax (Exemption) Versus Keshav Socia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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