https://www.taxtmi.com/caselaws?id=70173 The ITAT Madras-C upheld the AAC's decision to delete the addition of charity collection amounts to the business income for the assessment year 1971-72. The ITAT found that the charity collections were voluntary payments for charitable purposes, separate from the trading account, and intended for charitable use. Relying on a previous Tribunal order and a Supreme Court decision, the ITAT concluded that the amounts collected were not part of the assessee's income but were impressed with an obligation in the nature of trust for charities. As a result, the Revenue's appeal was dismissed, affirming the AAC's order. en-us Thu, 12 Oct 1978 00:00:00 +0530 Thu, 14 Apr 2011 17:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70173 The ITAT Madras-C upheld the AAC's decision to delete the addition of charity collection amounts to the business income for the assessment year 1971-72. The ITAT found that the charity collections were voluntary payments for charitable purposes, separate from the trading account, and intended for charitable use. Relying on a previous Tribunal order and a Supreme Court decision, the ITAT concluded that the amounts collected were not part of the assessee's income but were impressed with an obligation in the nature of trust for charities. As a result, the Revenue's appeal was dismissed, affirming the AAC's order. Case-Laws Income Tax Thu, 12 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70173