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Income Tax - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Exemption u/s 11 - assessment of trust - cash donations were ...

Income Tax

January 19, 2024

Exemption u/s 11 - assessment of trust - cash donations were anonymous as contemplated u/s 115 BBC - ITAT observed that, the inspection report mentioned about donors having not found on the given address. There were incomplete and vague addresses. It has drawn adverse inference against the appellant and has concluded that the decision of the assessment officer holding the donations to be anonymous u/s115 BBC of the Act was justified on facts and in law. - Demand confirmed - HC

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