Donations not taxed as anonymous u/s 115BBC; identity of donors established, Section 68 inapplicable.

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....Levy of tax on Anonymous donation u/s 115BBC - Section 68 has no application in the instant case because the assessee has disclosed the donation as its income and applied the same for charitable purpose. In view of the above, we are of the considered view that the assessee has established the identity of the donors as provided U/s. 115BBC of the Act and hence the donations received by the assessee cannot be categorized as anonymous donations and cannot be subjected to tax as per the provisions of section 115BBC - AT....