https://www.taxtmi.com/caselaws?id=342941 ITAT Chennai (AT) upheld the AO's denial of exemption under s.11, finding that amounts labeled as corpus donations (Rs.11,28,000) were quid pro quo payments for hiring a community hall and thus taxable rental receipts. Total receipts from the hall (Rs.15,98,000) exceeded Rs.10 lakh, bringing s.2(15) into play and disqualifying the trust's claim to exemption. The appellate order in favor of the assessee was reversed and the AO's order restored; decision against the assessee. en-us Thu, 11 May 2017 00:00:00 +0530 Wed, 01 Oct 2025 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342941 ITAT Chennai (AT) upheld the AO's denial of exemption under s.11, finding that amounts labeled as corpus donations (Rs.11,28,000) were quid pro quo payments for hiring a community hall and thus taxable rental receipts. Total receipts from the hall (Rs.15,98,000) exceeded Rs.10 lakh, bringing s.2(15) into play and disqualifying the trust's claim to exemption. The appellate order in favor of the assessee was reversed and the AO's order restored; decision against the assessee. Case-Laws Income Tax Thu, 11 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342941