https://www.taxtmi.com/caselaws?id=103996 The Tribunal upheld the validity of corpus donations allowed by the Assessing Officer for the assessment year 1995-96. It emphasized that donors were aware and intended their contributions for the trust's corpus, exempt under section 11(1)(d) of the Income Tax Act. The Tribunal set aside the Director of Income-tax (Exemptions)'s order, highlighting the limitations on the Commissioner's power under section 263, ensuring proper grounds are required before substituting the Assessing Officer's decision. en-us Wed, 31 Jan 2001 00:00:00 +0530 Mon, 27 Feb 2012 10:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103996 The Tribunal upheld the validity of corpus donations allowed by the Assessing Officer for the assessment year 1995-96. It emphasized that donors were aware and intended their contributions for the trust's corpus, exempt under section 11(1)(d) of the Income Tax Act. The Tribunal set aside the Director of Income-tax (Exemptions)'s order, highlighting the limitations on the Commissioner's power under section 263, ensuring proper grounds are required before substituting the Assessing Officer's decision. Case-Laws Income Tax Wed, 31 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103996