https://www.taxtmi.com/caselaws?id=278483 The Tribunal affirmed that an unregistered trust cannot avail exemption for corpus donations under section 11(1)(d) of the Income-tax Act. Registration under section 12AA is deemed mandatory for claiming exemptions under sections 11 and 12. The Tribunal emphasized that donations are considered income unless from blood relatives, and without registration, the trust cannot benefit from exemptions. The decision upheld the Commissioner of Income-tax (Appeals)'s ruling, stating that unregistered trusts are ineligible for exemptions under the Act. en-us Fri, 20 Nov 2015 00:00:00 +0530 Thu, 07 Feb 2019 10:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278483 The Tribunal affirmed that an unregistered trust cannot avail exemption for corpus donations under section 11(1)(d) of the Income-tax Act. Registration under section 12AA is deemed mandatory for claiming exemptions under sections 11 and 12. The Tribunal emphasized that donations are considered income unless from blood relatives, and without registration, the trust cannot benefit from exemptions. The decision upheld the Commissioner of Income-tax (Appeals)'s ruling, stating that unregistered trusts are ineligible for exemptions under the Act. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278483