Brijbasi Education and Welfare Society v. PCIT (2021) 431 ITR 126/ 200 DTR 341/ 278 Taxman 246 / 321 CTR 478(Delhi) (HC)

S. 147 : Reassessment – Bogus donation – Report of CBI – Reassessment is held to be valid – Failure to prove donations were genuine — Addition is held to be valid [ S.68, 148 ]

Dismissing the appeal of the assessee the Court held that there was specific information based on the report of CBI that donations were not genuine , reassessment was held to be valid .  On merit the genuineness of the donors was not established.  Addition is held to be justified .(AY. 2006-07, 2007-08).