Held that at the time of making the donation to the school, the latter had valid approval granted by the Central Board of Direct Taxes. According to the Explanation to section 35(1)(ii), the subsequent withdrawal of such approval could not form a reason to deny deduction claimed by the donor. Therefore, if the assessee, acting upon a valid registration or approval granted to an institution, had made a donation of which he claimed deduction, such deduction could not be disallowed if, at a later point of time, the approval was cancelled with retrospective affect. As a result, the order of the Commissioner (Appeals) was set aside and the disallowance of the assessee\u2019s claim of deduction under section 35(1)(ii) was vacated. Relied on CIT v. Chotatingrai Tea (2002)\u00a0 258 ITR 529 (SC), National Leather Cloth Manufacturing Co. v. Indian Council of Agricultural Research (2000) 241 ITR 482 (Bom.)(HC)\u00a0 and Pooja Hardware Pvt. Ltd. v. ACIT\u00a0 (I.T. A. No. 3712\/Mum\/2018, dated October 28, 2019. (AY.2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 35 : Scientific research expenditure-Weighted deduction-Subsequent withdrawal of approval granted to institution with retrospective effect-Approval valid and subsisting on date of donation-Entitled to weighted deduction. [S. 35(1)(ii)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-27489","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-79n","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=27489"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27489\/revisions"}],"predecessor-version":[{"id":27490,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/27489\/revisions\/27490"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=27489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=27489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=27489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}