ITAT Chennai ruled in favor of Lakshmiammal Progressive Educational Trust, deleting an addition of ₹31.6 lakhs after finding the receipts to be voluntary donations, not compulsory capitation ...
The ITAT Kolkata deleted the Section 68 addition of Rs.1.67 crore, holding that loans proven to be repaid through banking channels with TDS deducted on interest cannot be treated as bogus ...