https://www.taxtmi.com/caselaws?id=772106 ITAT Pune ruled on trust assessment regarding donations treated as unexplained cash credits under Section 68. For first donation, tribunal held that once donor provided confirmation and source details, burden shifted to Revenue. Since Revenue took no action against donor for alleged false statement, addition under Section 68 was deleted. For second cash donation lacking source documentation, tribunal applied Section 115BBC treating it as anonymous donation. Only amount exceeding Rs. 1 lakh (Rs. 10,000) was taxable at 30%. Appeal partly allowed. en-us Fri, 16 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772106 ITAT Pune ruled on trust assessment regarding donations treated as unexplained cash credits under Section 68. For first donation, tribunal held that once donor provided confirmation and source details, burden shifted to Revenue. Since Revenue took no action against donor for alleged false statement, addition under Section 68 was deleted. For second cash donation lacking source documentation, tribunal applied Section 115BBC treating it as anonymous donation. Only amount exceeding Rs. 1 lakh (Rs. 10,000) was taxable at 30%. Appeal partly allowed. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772106