https://www.taxtmi.com/highlights?id=53092 Addition u/s 68 - Exemption u/s 11 - if there is a disclosure of this income in the hands of the assessee as corpus fund and applied the same is for charitable purposes for which the assessee-trust is created, and also the assessee-trust is having due registration u/s 12A AO cannot invoke the provisions of section 68 so as to sustain the addition en-us Wed, 22 Apr 2020 11:19:55 +0530 Wed, 22 Apr 2020 11:19:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53092 Addition u/s 68 - Exemption u/s 11 - if there is a disclosure of this income in the hands of the assessee as corpus fund and applied the same is for charitable purposes for which the assessee-trust is created, and also the assessee-trust is having due registration u/s 12A AO cannot invoke the provisions of section 68 so as to sustain the addition Highlights Income Tax Wed, 22 Apr 2020 11:19:55 +0530 https://www.taxtmi.com/highlights?id=53092