Allowing the appeal of the assessee the Tribunal held that, rejection of weighted deduction in respect of donation cannot be denied when the institution was enjoying approval within the meaning of S. 35(1)(ii) as on date of receipt of donation, no matter that the approval was cancelled subsequently with retrospective effect. ( ITA No. 532/Mum/2018, dt. 29.06.2018) (AY .2014-15)
Vora Financial Service P. Ltd. v. ACIT( 2018) 171 ITD 646 / 194 TTJ 746 / 65 ITR 77 (SN)/(2019) 178 DTR 58( Mum)(Trib), www.itatonline.org
New Okhla Industrial Development Authority (NOIDA) v. CCIT ( 2018) 95 taxmann.com 58(SC)/ www.itatonlin.org
S. 35 :Scientific research – Rejection of weighted deduction in respect of donation cannot be denied when the institution was enjoying approval within the meaning of S. 35(1)(ii) as on date of receipt of donation, no matter that the approval was cancelled subsequently with retrospective effect.