date of filing of the original return till the date of the filing of the revised return. Original return had been filed on 14th June ... your that I have been able to persuade Mr. Mehra to return your donations and I am enclosing herewith a letter dt. 20th Sept
written
in capital letters under the sub-head “Donation-13”, “Donation-
I” and “Donations-II” having total amount ... used to bring donations in the
form of cheque/RTGS to SHG and PH. The Donations received
would be returned by issue of cheque/RTGS
When a person gives money to another without any
material return, he donates that sum. Therefore, when the
assessee gave money to the candidates ... donation
to make it a grant for a quid pro quo. Wholly motiveless
donation is rare, but material return alone negates a gift
or donation
loose sheets 5 to 22 seized during the search is donation received and returned to the students and this donation is capitation fee which ... However, AO has mentioned that the above figure is the donation received and returned to the students and this donation is capitation
used to bring donations in
the form of cheque/RTGS to SHG and PH. The Donations received would be returned
by issue of cheque/RTGS ... show cause notice that the assessee returned donation received back to
SHG&PH is unsustainable.
10. The ld. Counsel for the assessee drew
When a person gives money to another without any material return, he donates that sum. An act by which the owner of a thing voluntarily ... donation to make it a grant for a quid pro quo. Wholly motiveless donation is rare, but material return alone negates a gift or donation
Ranjan Dasgupta
admitted that they had received such donation and thereafter returned these
donations in cash through some operators, to the donor, in lieu ... directors and research directors of
HHBRF shows that money taken as donation was returned to those donors in cash
through brokers. He also referred
Corpus Donation.
Ans. A major part of the donations that were claimed exemption u/s. 11(1)(d) were
not genuine. The donations received ... capital letters under the sub-
head "Donation-13", "Donation-I" and "Donation-II having total amount
DCIT 14(1)(2), Mumbai.
5
the amount of donations would be returned back to the donors by way of
bogus billing after deducting commission ... donated an
amount of Rs. 60 lac to HHBRF. On the basis of the aforesaid donation, the
assessee had in its return of income claimed
assessment years referred to above , the
assessee had filed return of income showing receipt of
donations towards the building fund. Originally, the
return filed ... their names. The
13
amount received by way of donations was disclosed in
the returns filed and also claimed exemption under
Section
