Categorizing donation as anonymous is unsustainable when donor’s identity is established

ACIT Vs Siddhartha Academy of General & Technical Education (ITAT Visakhapatnam) Held that identity of the donors as provided u/s 115BBC of the Act has been established by the assessee. Accordingly, the donations cannot be categorized as anonymous donations and cannot be subjected to tax. Facts- The assessee is a Trust running educational institutions. The assessee filed its ROI for the A.Y. 2016-17 admitting total income of Rs. NIL. The case was selected for scrutiny and notice U/s143(2) and 142(1). AO noted that the assessee has received a corpus donation of Rs. 23,89,57,793/- out of whi...