https://www.taxtmi.com/caselaws?id=263003 The Tribunal upheld that voluntary contributions for specific purposes, like constructing a 'Kalyana Mantap,' are capital receipts and not income under Section 2(24)(iia) of the Income Tax Act. It directed verification of donation receipts to confirm proper crediting to the building fund corpus. The Revenue's appeals were partly allowed for statistical purposes. The order was pronounced on 14th August 2015. en-us Fri, 14 Aug 2015 00:00:00 +0530 Tue, 25 Aug 2015 09:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263003 The Tribunal upheld that voluntary contributions for specific purposes, like constructing a 'Kalyana Mantap,' are capital receipts and not income under Section 2(24)(iia) of the Income Tax Act. It directed verification of donation receipts to confirm proper crediting to the building fund corpus. The Revenue's appeals were partly allowed for statistical purposes. The order was pronounced on 14th August 2015. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263003