Held that an educational institution, could not produce sufficient material to dispel the suspicion which had been raised about the donations received from companies which were not even based geographically close to the assessee and the reason to grant the donation was never properly explained. The addition is justified.(AY.2014-15)
Mayor Foundation v CIT (2024)469 ITR 562 (P&H)(HC).Editorial: SLP disissed on account of dealy of 388 days and on merits , Mayor Foundation v. CIT (2025) 475 ITR 150 / 304 Taxman 660 (SC)
S. 68 : Cash credits-Not explained the source-Addition is justified.[S. 260A]