ITXA598_2024.DOC
section (2) of Section 115BBC is an exception to sub-section (1) which
provides that sub-section (1) shall not apply ... effect that sub-section
(2)(b) of Section 115BBC is applicable whereby the provisions of sub-section
(1) of Section 115BBC would not apply
ITXA598_2024.DOC
section (2) of Section 115BBC is an exception to sub-section (1) which
provides that sub-section (1) shall not apply ... effect that sub-section
(2)(b) of Section 115BBC is applicable whereby the provisions of sub-section
(1) of Section 115BBC would not apply
ITXA598_2024.DOC
section (2) of Section 115BBC is an exception to sub-section (1) which
provides that sub-section (1) shall not apply ... effect that sub-section
(2)(b) of Section 115BBC is applicable whereby the provisions of sub-section
(1) of Section 115BBC would not apply
High Court.C.Independent Operation
of Section 115BBC(2)(b) and Section 80G : The mere registration under Section 80G
does not preclude the Trust from ... provisions of Sub-Section (2) of Section 115BBC ,
the provisions of Sub-Section (1) of Section 115BBC , which govern the taxability of
anonymous donations
trust subject to provisions of section
115BBC(2)(b) . This sub-section says, The provisions of sub-section (1) shall not
apply to any anonymous ... found that the assessee is falling under section 115BBC(2) , then the
provision of section 115BBC(1) are not applicable. Hence, the impugned amount cannot
religious purposes. The provisions contained in Section 115BBC of the
Act reads as under:
"115BBC. (1) Where the total income of an assessee, being ... shall be substituted for the existing
clause (ii) of sub-section (1) of section 115BBC by the
Finance
said section.
Section 115BBC(2)(b) of the Act mandates that the provisions of Section
115BB(1) shall not apply to any anonymous donation received ... institution, or any trust or institution, as referred to in Section
115BBC(1) of the Act. It is also not disputed that the assessee
appreciate the issue we would like to reproduce section 115BBC
as under-
"115BBC. (1) Where the total income of an assessee, being a person ... hence provisions
of sub-section (1) of the section 115BBC of the Act are squarely
applicable in the case of the assessee as in case
anonymous
donations" under Section 115BBC(3) of the IT Act, hence, such donations
were taxable under Section 115BBC(1) of the IT Act, unless ... definition
of anonymous donation u/s. 115BBC(3) of the I. T. Act, the same is
taxable u/s. 115BBC(1
does not partake character of anonymous donation us
115BBC of the Act. As per section 115BBC(1) , if any institution, trust,
university covered ... Since, having regard to the facts on record, the
provisions of section 115BBC (1) will not apply in the present case of
trust created
