Anonymous donation by religious and charitable trust is exempt from tax: Bombay HC

CIT Vs Shree Sai Baba Sansthan Trust – Shirdi (Bombay High Court) Bombay High Court in the case of Shree Sai Baba Sansthan Trust held that anonymous donation received by religious and charitable trust is entitled to benefit of an exemption from tax under section 115BBC(2b) of the Income Tax Act. Facts- The present appeal is preferred by the Revenue under section 260A of the Income Tax Act, 1961 against order passed by the Income Tax Appellate Tribunal, whereby, the Tribunal has rejected the Revenue’s appeals against the order passed by the Commissioner of Income-tax (Appeals). The issue wh...