Anonymous donations- No section 68 addition if Assessee provides complete list of donors

Shanti Niketan Trust Vs ACIT (ITAT Delhi)

In the present appeal, the assessee had not only disclosed its donations, but had also submitted a list of donors. The AO proceeded to treat the same as anonymous donations only for the reason that the notices u/s 133(6) of the Act were returned un-served and the assessee did not produce the donors when it was called upon to do so. However, since the donations were duly treated as income by the assessee,Please become a Premium member. If you are already a Premium member, login here to access the full content.