https://www.taxtmi.com/caselaws?id=210598 The High Court upheld the Tribunal's decision, directing the Director of Income Tax (Exemptions) to recognize the Rural Project Fund donations as corpus donations. The court emphasized that voluntary contributions intended as capital for charitable activities are exempt from tax under Section 11(1)(d). Criticizing the revenue authorities for being overly technical, the court dismissed the appeal and ordered the department to pay costs of Rs. 1,00,000/- to the Rural Project Fund of the trust. en-us Mon, 17 Oct 2011 00:00:00 +0530 Fri, 25 Oct 2013 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210598 The High Court upheld the Tribunal's decision, directing the Director of Income Tax (Exemptions) to recognize the Rural Project Fund donations as corpus donations. The court emphasized that voluntary contributions intended as capital for charitable activities are exempt from tax under Section 11(1)(d). Criticizing the revenue authorities for being overly technical, the court dismissed the appeal and ordered the department to pay costs of Rs. 1,00,000/- to the Rural Project Fund of the trust. Case-Laws Income Tax Mon, 17 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210598