https://www.taxtmi.com/caselaws?id=311668 The ITAT Delhi held that donations received by a trust could not be taxed under section 115BBC as anonymous donations. The assessee trust provided complete identity records including names, addresses, audited balance sheets, profit and loss accounts, income tax returns, and bank statements of all nine corporate donors. Despite the AO's allegations that donors were accommodation entry providers routing unaccounted money, the tribunal found that since donations came from known sources with proper documentation, they could not be classified as anonymous under section 115BBC(3). The CIT(A)'s decision was upheld, ruling against the revenue department. en-us Tue, 17 Jul 2018 00:00:00 +0530 Mon, 08 Jan 2024 09:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311668 The ITAT Delhi held that donations received by a trust could not be taxed under section 115BBC as anonymous donations. The assessee trust provided complete identity records including names, addresses, audited balance sheets, profit and loss accounts, income tax returns, and bank statements of all nine corporate donors. Despite the AO's allegations that donors were accommodation entry providers routing unaccounted money, the tribunal found that since donations came from known sources with proper documentation, they could not be classified as anonymous under section 115BBC(3). The CIT(A)'s decision was upheld, ruling against the revenue department. Case-Laws Income Tax Tue, 17 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311668