Case Law Details
The assessee received a donations which was not “anonymous donations” within the meaning of Section 11(3) of the Act because the receipts issued by the assessee trust were still in the custody of the department as the receipt books were impounded in the course of the survey and no confirmations were required to be filed by the assessee. In these circumstances the Tribunal held that Section 68 cannot be applied as the amount has already been shown by the assessee as income. The Tribunal referred to the judgment of this Court in Director of Income Tax (Exemption) v. Keshav Social and Charitable Foundation, (2005) 278 ITR 152.
HIGH COURT OF DELHI AT NEW DELHI
Date of Decision: 18th September, 2012
ITA 534/2012
Director Of Income Tax
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I would like to gift my properties to a charitable trust.
what amount of Govt.Revenue will be charged to transfer the properties in fevour of the charitable trust (for making the GIFT DEED ).