No addition U/s 68 for Normal donation received by trust even if anonymous

Shree Shiv Vankeshawar Educational & Social Welfare Trust Vs ACIT (ITAT Delhi)

Admittedly the assessee has received a donation of INR 16265000/– from 1038 individuals and ld CIT (A) has noted that same is credited to the income and expenditure account of the assessee, However ld AO has noted that same is credited as Corpus Donation. During the course of assessment proceedings the assessee produced multiple details with respect to the various donors which establish the identity of those donors. The learned assessing off

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