9911796707
TMI Blog2016 (9) TMI 1399X X X X Extracts X X X X X X X X Extracts X X X X ..... serted in the Income Tax Act, 1961 w.e.f. 01.04.2007 and assessment year in question is 2007-08. Addition u/s 68 on account of unexplained corpus donation - Held that:- It could not be disputed that same is covered by Supreme Court's judgment in Sargam Cinema Vs. Commissioner of Income Tax (2009 (10) TMI 569 - Supreme Court of India ) wherein similar question has been answered in favour of Assesse ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of anonymous donation as provided U/s. 115(BBC) r/w Section 68 inspite of the fact that assessee had only mentioned corpus donations without substantiating it with evidences/proof which clearly falls within the ambit of the definition "where a person receiving contribution does not maintain a record of the identity indicating the name and address of the person making such contribution and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... #8377; 26,13,080/- made by the Assessing Officer U/s. 68 on account of unexplained corpus donation and without appreciating the facts and material brought on record by the Assessing Officer that the assessee was not able to provide written or oral confirmation of the alleged donors? 5. Whether the ITAT erred in law in deleting the corpus donation of ₹ 26,13,080/- made by the Assessing Offi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed at the outset that Questions No. 1 and 2 does not arise since Section 115 (BBC) itself was inserted in the Income Tax Act, 1961 w.e.f. 01.04.2007 and assessment year in question is 2007-08. 5. It is further submitted that Questions No. 4, 5 and 6 are covered by an earlier judgment of this Court between same parties in Income Tax Appeal No. 276 of 2009 where similar Questions No. 1, 2 and 3 hav ..... X X X X Extracts X X X X X X X X Extracts X X X X
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