Exemption u/s.10(23) denied - anonymous donations received by ...

Denial of Exemption Under Sec 10(23) for Anonymous Donations Found Baseless; Authorities Failed to Verify Properly.

July 7, 2021

Case Laws Income Tax AT

Exemption u/s.10(23) denied - anonymous donations received by any assessee or entity u/s.115BBC - without verifying the documents and objectively selecting some entries and leaving aside the other entries and documentary evidence even without verifying the actual receipt of donation from the so-called donors, if the revenue authorities proceeds to make any addition treating the same as anonymous u/s.115BBC of the Act, then have no hesitation to hold that the addition made is without any basis and keeping aside the sound principles of tax jurisprudence, the same cannot be held as sustainable - AT

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Exemption u/s.10(23) denied - anonymous donations received by ...

Denial of Exemption Under Sec 10(23) for Anonymous Donations Found Baseless; Authorities Failed to Verify Properly.

July 7, 2021

Case Laws Income Tax AT

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