The ITAT held that donations received by the assessee trust with...

The ITAT held that donations received by the assessee trust with specific directions for use in its core activities qualify as corpus donations under section 11(1)(d). Despite the absence of explicit mention of "corpus" on all receipts, the tribunal found that the donors intended the funds to be capital contributions for the trust's objectives, not general donations. The ruling clarified that corpus includes capital contributions made with the intent to be held and utilized for the trust's purposes, and such receipts are exempt from tax. Consequently, the AO's treatment of the donations as general receipts was reversed, and the donations were directed to be treated as corpus donations, thereby exempting them from tax. The assessee's appeal was allowed.