MS RANA AYYUB SHAIKH ,NAVI MUMBAI vs. DCIT (CENTRAL CIRCLE) 6(2), MUMBAI
In the result, appeals filed by the assessee are dismissed
ITA 2283/MUM/2023[2022-23]Status: DisposedITAT Mumbai29 Apr 2025AY 2022-23
Bench: Shri Saktijit Dey, Hon’Ble & Shri Narendra Kumar Billaiya, Hon’Ble
For Appellant: Shri P.J. Pardiwala & Ms. Ritu Punjabi, A/RsFor Respondent: Shri Ashok Kumar Ambastha, Sr. D/R
Section 175Section 56(2)(x)
would be pertinent to mention here that donations in foreign currency are covered by Foreign Contribution (Regulation) Act, 2010, in which Section 3(1)(h) provides that no foreign contribution shall be accepted by any correspondents, columnists, cartoonists, editors, owners, printers, or publishers of associations or companies, referred