https://www.taxtmi.com/caselaws?id=466755 The matter concerns whether amounts designated as Shaswat Seva Fund and an earmarked corpus fund qualify as corpus donations exempt from tax and whether anonymous donations to a wholly religious trust are taxable under section 115BBC; the tribunal noted the assessee is a wholly religious trust registered under section 12A and approved under section 10(23C)(v), observed the AO disallowed corpus treatment for lack of donor identification, and affirmed the appellate reliance on the explanatory memorandum and precedent that anonymous donations to wholly religious trusts are not taxable; no new material was produced and the corpus characterisation and non-taxability were upheld. en-us Tue, 25 Feb 2025 00:00:00 +0530 Wed, 18 Feb 2026 20:11:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466755 The matter concerns whether amounts designated as Shaswat Seva Fund and an earmarked corpus fund qualify as corpus donations exempt from tax and whether anonymous donations to a wholly religious trust are taxable under section 115BBC; the tribunal noted the assessee is a wholly religious trust registered under section 12A and approved under section 10(23C)(v), observed the AO disallowed corpus treatment for lack of donor identification, and affirmed the appellate reliance on the explanatory memorandum and precedent that anonymous donations to wholly religious trusts are not taxable; no new material was produced and the corpus characterisation and non-taxability were upheld. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466755