[aaykarbhavan] Exemption would be available to a trust even in respect of anonymous donations used for charitable purposes

Exemption would be available to a trust even in respect of anonymous donations used for charitable purposes

April 15, 2014[2014] 43 taxmann.com 315 (Karnataka)

IT : Any voluntary contribution received by a Charitable or religious trust shall be deemed to be income derived from property held under Trust to extent said contributions are used for charitable purposes even though assessee fails to disclose names and addresses of donors

 

Regards

Prarthana Jalan

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