https://www.taxtmi.com/caselaws?id=344559 The ITAT Pune allowed the appeals concerning the taxability of surplus corpus donations received from the Government of India for specific purposes. The ITAT held that the surplus was not taxable as income for the assessment years in question, based on the nature of the grants and the trust's objectives. The ITAT directed the Assessing Officer to delete the additions made, providing relief to the assessee. The judgment did not address the justification of the interest levy under sections 234A, 234B, and 234C, as the focus was primarily on the taxability of the surplus corpus donations. en-us Wed, 07 Jun 2017 00:00:00 +0530 Tue, 20 Jun 2017 08:38:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344559 The ITAT Pune allowed the appeals concerning the taxability of surplus corpus donations received from the Government of India for specific purposes. The ITAT held that the surplus was not taxable as income for the assessment years in question, based on the nature of the grants and the trust's objectives. The ITAT directed the Assessing Officer to delete the additions made, providing relief to the assessee. The judgment did not address the justification of the interest levy under sections 234A, 234B, and 234C, as the focus was primarily on the taxability of the surplus corpus donations. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344559