ITAT Grants Trust Conditional Opportunity to Prove Donations Are Not Anonymous

Shree Jain Swethambar Murti Pujak Sangh Vs ITO (ITAT Chennai) The assessee, Shree Jain Swethambar Murti Pujak Sangh, a religious trust, filed its return for the Assessment Year (AY) 2019-20. During the scrutiny assessment, the AO noted that the trust failed to provide complete details of its donors when requested. Consequently, the AO treated of the total donations received as anonymous donations and made an addition to the trust’s income, taxable under Section 115BBC. The addition was subsequently confirmed by the Commissioner of Income Tax (Appeals) [CIT(A)] / National Faceless Appeal ...