TMI BlogUnexplained Cash Credit: Donation via Cheque Accepted as Proof u/s 68, No Income Addition for Assessee.Unexplained cash credit u/s 68 - proof of donation received - the assessee not only disclosed its donation but also produced confirmation from the Secretary of the trust who has given the donation through cheque. The said donation was utilized for charitable activities - No additions. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|