Assessment of trust - addition made u/s 115BBC on account of ...

Case Laws Income Tax

February 27, 2024

Assessment of trust - addition made u/s 115BBC on account of anonymous donations - The ITAT held that the addition made by the AO was not in accordance with the provisions of section 115BBC(3) since the statute does not require the Assessee to maintain PAN and bank account statements of donors, only the identity indicating name and address. Therefore, the addition made by the AO was not sustainable and was deleted.

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Assessment of trust - addition made u/s 115BBC on account of ...

Case Laws Income Tax

February 27, 2024

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