https://www.taxtmi.com/caselaws?id=220743 The Gujarat High Court upheld the decisions of the lower authorities regarding the tax treatment of grants and voluntary contributions received by a trust under the Income Tax Act, 1961. The Court confirmed that grants forming part of the trust's corpus were not taxable under Section 12(1) and that voluntary contributions specifically directed to the trust's corpus fell under Section 11(1)(d) and were also not taxable. Emphasizing consistency in judicial decisions, the Court dismissed the appeal, citing previous judgments and finding no new legal question to consider. en-us Tue, 22 Mar 2011 00:00:00 +0530 Thu, 24 Jan 2013 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220743 The Gujarat High Court upheld the decisions of the lower authorities regarding the tax treatment of grants and voluntary contributions received by a trust under the Income Tax Act, 1961. The Court confirmed that grants forming part of the trust's corpus were not taxable under Section 12(1) and that voluntary contributions specifically directed to the trust's corpus fell under Section 11(1)(d) and were also not taxable. Emphasizing consistency in judicial decisions, the Court dismissed the appeal, citing previous judgments and finding no new legal question to consider. Case-Laws Income Tax Tue, 22 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220743