When the same amount has been surrendered and taxed in the hands ...

Surrendered and taxed donations explain trust's fund source, preventing section 69C additions for unexplained expenses.

February 17, 2017

Case Laws Income Tax AT

When the same amount has been surrendered and taxed in the hands of donor then the source of the funds which were used for expenditure as to held as explained in the hands of donee assessee trust and provisions of section 69C cannot be invoked for making addition on account explained expenditure - AT

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When the same amount has been surrendered and taxed in the hands ...

Surrendered and taxed donations explain trust's fund source, preventing section 69C additions for unexplained expenses.

February 17, 2017

Case Laws Income Tax AT

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