Disallowance in respect of gift and donation given to third ...

Case Laws Income Tax

April 11, 2023

Disallowance in respect of gift and donation given to third parties - It is just like a donation or in the nature of gift, which cannot be allowed u/s 37. However, we make it clear that if the assessee produce necessary details to claim exemption u/s 80G of the Act, the same may be examined and exemption u/s 80G may be granted after verifying the relevant details from the receipt issued by the respective party. - AT

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Disallowance in respect of gift and donation given to third ...

Case Laws Income Tax

April 11, 2023

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