https://www.taxtmi.com/caselaws?id=218968 The High Court upheld the Tribunal's decisions in both issues. Regarding the deletion of addition under section 12(1) of the Income Tax Act, the Court relied on precedent and dismissed the appeal, stating that voluntary contributions forming part of the trust's corpus should not be included in total income. Concerning the carry forward of excess expenditure over income, the Court affirmed the Tribunal's decision, emphasizing that income applied for charitable or religious purposes should be excluded from assessment. As no new material aspect was presented, the appeals were dismissed. en-us Wed, 11 Jan 2012 00:00:00 +0530 Fri, 30 Nov 2012 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218968 The High Court upheld the Tribunal's decisions in both issues. Regarding the deletion of addition under section 12(1) of the Income Tax Act, the Court relied on precedent and dismissed the appeal, stating that voluntary contributions forming part of the trust's corpus should not be included in total income. Concerning the carry forward of excess expenditure over income, the Court affirmed the Tribunal's decision, emphasizing that income applied for charitable or religious purposes should be excluded from assessment. As no new material aspect was presented, the appeals were dismissed. Case-Laws Income Tax Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218968