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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Disallowance of donation given to flood victim collected from ...


Assessee Not Liable for Income Tax on Employee Donations for Flood Relief; Acted as Intermediary Only.

July 27, 2015

Case Laws     Income Tax     AT

Disallowance of donation given to flood victim collected from the employees’ salaries - The assessee has not claimed any deduction as such from its business profit, the amount collected from the employees’ salaries does not involve element of income in the hands of assessee because the assessee has only acted as a facilitator - AT

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