Charitable donations for corpus not taxable; Delhi HC affirms CIT(A) and ITAT decisions

The Delhi HC held that donations received by a Charitable Organisation for its corpus are capital receipts and not taxable. The trust utilized the donations to purchase land for a college. The court affirmed the decisions of the CIT(A) and ITAT, finding no legal question to be addressed.

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The Delhi High Court ruled that donations received by a Charitable Organisation for its corpus are considered capital receipt and not taxable. The trust used the donations to acquire land for building a college. The court upheld the decision of the CIT(A) and ITAT, stating no legal question arises.

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