https://www.taxtmi.com/caselaws?id=194204 The Tribunal held that voluntary contributions specifically directed towards the building fund are corpus donations exempt under section 11(1)(d) and cannot be treated as revenue receipts. The Tribunal also ruled that the assessee, despite not being registered under section 12AA during the assessment year, was eligible for the benefits of sections 11 and 12 due to a retrospective amendment. The Tribunal upheld the deletion of additions made on account of disallowance under section 40(a)(ia) and TDS amount but remanded the issue of eligibility for section 11(1)(d) benefit back to the AO for reassessment. en-us Tue, 01 Nov 2016 00:00:00 +0530 Fri, 01 Sep 2017 07:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194204 The Tribunal held that voluntary contributions specifically directed towards the building fund are corpus donations exempt under section 11(1)(d) and cannot be treated as revenue receipts. The Tribunal also ruled that the assessee, despite not being registered under section 12AA during the assessment year, was eligible for the benefits of sections 11 and 12 due to a retrospective amendment. The Tribunal upheld the deletion of additions made on account of disallowance under section 40(a)(ia) and TDS amount but remanded the issue of eligibility for section 11(1)(d) benefit back to the AO for reassessment. Case-Laws Income Tax Tue, 01 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194204