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ITAT allowed the appeal of the assessee-trust and set aside the disallowance of exemption u/s 115BBC on anonymous donations. The Tribunal held that, though the AO and CIT(A) proceeded on the basis that the objects in the original Memorandum were only charitable and not religious, they failed to consider the amended deed dated 07.05.2014. The amended deed, duly filed and on record, established that the trust was created for both religious and charitable purposes. Consequently, the trust satisfied the statutory requirement and was held entitled to exemption u/s 115BBC.
ITAT allowed the appeal of the assessee-trust and set aside the disallowance of exemption u/s 115BBC on anonymous donations. The Tribunal held that, though the AO and CIT(A) proceeded on the basis that the objects in the original Memorandum were only charitable and not religious, they failed to consider the amended deed dated 07.05.2014. The amended deed, duly filed and on record, established that the trust was created for both religious and charitable purposes. Consequently, the trust satisfied the statutory requirement and was held entitled to exemption u/s 115BBC.
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