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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Assessment of trust - ‘anonymous donation' - AO despite having ...

Income Tax

July 3, 2020

Assessment of trust - ‘anonymous donation' - AO despite having the information could not show that, the donors are not existing or the assets are not existing. It is merely a case of donation of assets to the assessee trust where the assets and the donors both are identified - Additions towards anonymous donation directed to be deleted.

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