Tag: anonymous donations
Donations can not be said anonymous u/s 115BBC as receiver of donation has to maintain identity of the donors to the extent of name and address only. No addition can be made for anonymous donation on the ground that confirmations from donors had not been filed – ITAT …
Section 115BBC is silent unlike section 68 which casts obligation on assessee to explain amount credited to the satisfaction of Assessing Officer. ABCAUS Case Law CitationABCAUS 3495 (2021) (04) ITAT Important case law relied referred:CIT vs. Shree Shiv Vankeshwar Educational & Social Welfare TrustITO (Exemption) vs. Shri Narain …
Anonymous donations received by religious and charitable trust not taxable u/s 115BBC when no university/educational institutions was run by the trust ABCAUS Case Law Citation: ABCAUS 2757 (2019) (01) ITAT The assessee had challenged the order of CIT(A) in confirming the addition made by the Assessing Officer (AO) …
