https://www.taxtmi.com/caselaws?id=188370 The ITAT Bangalore dismissed the Revenue's appeals and the assessee's cross-objections, upholding the CIT(A)'s decision that gifts/donations received by the trust were not taxable income under the Income-tax Act. The court clarified that cash donations cannot be considered a benefit or perquisite under the Act and that gifts received did not constitute professional income for the Peetadhipathi. en-us Tue, 31 Jan 2012 00:00:00 +0530 Mon, 14 Aug 2017 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188370 The ITAT Bangalore dismissed the Revenue's appeals and the assessee's cross-objections, upholding the CIT(A)'s decision that gifts/donations received by the trust were not taxable income under the Income-tax Act. The court clarified that cash donations cannot be considered a benefit or perquisite under the Act and that gifts received did not constitute professional income for the Peetadhipathi. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188370