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Showing contexts for: bbc act in Shri Krishna Kirpa Gaushala Samiti, ... vs Assessee on 21 September, 2015Matching Fragments
F.Y. Total Donations Anonymous donations (In Rs.)
2013-14 87,79,376 81,64,376
2012-13 44,95,560 43,95,560
2011-12 34,36,600 31,56,600
As activities of trust can be said to be covered in "any other object of general public utility" the anonymous donations received are liable to be assessed to tax u/s 115 BBC of the Act. In the back ground of these facts, there appears to be no ground for any approval u/s 80G of the Act. The application filed u/s 80G (5)(vi) is thus liable to be rejected."