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Assessee eligible for sec. 80G deduction after furnishing relevant details if donation exp. was disallowed

June 30, 2020[2020] 117 345 (Delhi - Trib.)

INCOME TAX: When donation expenditure was disallowed and added to total income of assessee, assessee was entitled to deduction under with respect to such donation under section 80G

INCOME TAX: In case of insurance company, Assessing Officer should allow exemption to assessee under section 10(34) without disallowing any expenditure under section 14A

INCOME TAX: Where assessee-company was engaged in insurance business, profit arising from sale of investment could not be taxed as income from other sources
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