https://www.taxtmi.com/caselaws?id=168475 The case involved the taxability of voluntary contributions received as shares under sections 11 and 12(2) of the Income-tax Act, 1961, and the applicability of section 13(2)(h) concerning interest income. The Tribunal ruled that the shares received were part of the corpus and not taxable, and the interest income was not taxable under section 13(2)(h) as it was not lent without adequate security or interest. The decision favored the assessees, concluding that the voluntary contributions and interest income were not taxable, and the assessees were awarded costs from the revenue. en-us Fri, 29 Aug 1980 00:00:00 +0530 Sat, 07 Mar 2015 12:55:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168475 The case involved the taxability of voluntary contributions received as shares under sections 11 and 12(2) of the Income-tax Act, 1961, and the applicability of section 13(2)(h) concerning interest income. The Tribunal ruled that the shares received were part of the corpus and not taxable, and the interest income was not taxable under section 13(2)(h) as it was not lent without adequate security or interest. The decision favored the assessees, concluding that the voluntary contributions and interest income were not taxable, and the assessees were awarded costs from the revenue. Case-Laws Income Tax Fri, 29 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168475