https://www.taxtmi.com/caselaws?id=348704 Voluntary donations received by an educational society were not treated as capitation fee merely because some donors alleged a link with admissions; banking records, accounting treatment, and retracted statements supported the view that only donations proved to be non-voluntary could be excluded, so exemption under section 11 was not denied in full. Depreciation was also held allowable on assets whose cost had earlier been treated as application of income, because this does not create an impermissible double deduction for a charitable trust registered under section 12A. The cross appeals were thus decided with partial relief on donations and relief to the assessee on depreciation. en-us Fri, 22 Sep 2017 00:00:00 +0530 Wed, 27 Sep 2017 09:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348704 Voluntary donations received by an educational society were not treated as capitation fee merely because some donors alleged a link with admissions; banking records, accounting treatment, and retracted statements supported the view that only donations proved to be non-voluntary could be excluded, so exemption under section 11 was not denied in full. Depreciation was also held allowable on assets whose cost had earlier been treated as application of income, because this does not create an impermissible double deduction for a charitable trust registered under section 12A. The cross appeals were thus decided with partial relief on donations and relief to the assessee on depreciation. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348704