The Bombay High Court recently ruled that the Shree Sai Baba Sansthan Trust in Shirdi qualifies as a religious and charitable trust, making it eligible for exemptions under the Income Tax Act for anonymous donations received. The Trust had received a significant amount of anonymous donations in 2015-16, which the assessing officer had sought to tax. However, the ITAT and subsequently the HC upheld that the Trust was entitled to exemption from income tax on these donations. The court emphasized that a trust can have both religious and charitable purposes, and that determining whether a trust is charitable or religious should be based on the trust deed and bylaws. The HC also noted the significant role of the Trust in providing education and medical facilities, in addition to its religious activities.
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