https://www.taxtmi.com/caselaws?id=64195 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision in a case involving the treatment of donations received by a public charitable trust as income. The Tribunal ruled that donations specifically designated for the corpus of the trust should not be considered income, even if subsequently donated to other charitable trusts. It found that such donations were permissible under the trust deed for charitable purposes and dismissed the departmental appeal, affirming the utilization of corpus funds for charitable objectives as authorized by the trust deed. en-us Mon, 19 Jan 1987 00:00:00 +0530 Sat, 05 Feb 2011 13:13:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64195 The Appellate Tribunal upheld the Commissioner of Income Tax (Appeals) decision in a case involving the treatment of donations received by a public charitable trust as income. The Tribunal ruled that donations specifically designated for the corpus of the trust should not be considered income, even if subsequently donated to other charitable trusts. It found that such donations were permissible under the trust deed for charitable purposes and dismissed the departmental appeal, affirming the utilization of corpus funds for charitable objectives as authorized by the trust deed. Case-Laws Income Tax Mon, 19 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64195