Anonymous Donations Exempt Because Trust Proven as Religious & Charitable: ITAT Kolkata

Nir Ideal Home for Mentally Retarded And Associated Disability Vs ITO (ITAT Kolkata) Dual-Nature Trust Entitled to Exemption – ITAT Kolkata Rules Anonymous Donations Not Taxable for Nir Ideal Home for Mentally Retarded Trust ITAT Kolkata allowed the appeal of the assessee-trust, holding that it was eligible for exemption from taxation of anonymous donations u/s 115BBC, as the trust was established for both charitable & religious purposes. Assessee, a registered society under the West Bengal Societies Registration Act, 1961, had declared nil income for AY 2022-23. AO brought to tax anonym...