Court : Income Tax Appellate Tribunal ITAT Hyderabad
Decided on : Dec-27-2002
Reported in : (2004)90ITD493(Hyd.)
..... , signed by mr. vardhan, it was stated that mr. vardhan met the representative of charity international, nepal, an n.g.o. which was contemplating starting a medical college to help nepalies and that during the discussion it was decided that sidur would come forward to render financial aid to facilitate setting up of the college and repayment would be made once ..... the college was established. that in this context he gave rs. 32 lakhs to k.m.c. this explanation is indeed specious. helping set-up a medical college for nepalies is hardly a charitable purpose which was further not put across to the executive committee of sidur. in his deposition mr. vardhan admitted that it was not as if sidur .....
Tag this Judgment!