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Income Tax - Highlights / Catch Notes

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Unexplained cash credit u/s 68 - proof of donation received - ...


Unexplained Cash Credit: Donation via Cheque Accepted as Proof u/s 68, No Income Addition for Assessee.

August 7, 2018

Case Laws     Income Tax     AT

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.

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