Allegation of Bogus Donation: ITAT Allows Income Tax Deduction u/s 35 (1)(ii) in Absence of Material Evidence

In a recent decision, the ITAT allowed income tax deduction under section 35(1)(ii) despite allegations of a bogus donation. The case lacked material evidence to substantiate the claim of bogus donation, prompting the tribunal to rule in favor of the taxpayer. The decision highlights the importance of documentary evidence in tax matters and underscores the taxpayer's right to claim legitimate deductions under the Income Tax Act.