https://www.taxtmi.com/highlights?id=56927 Taxability of receipts from the welfare trusts - the said receipt being the unutilized portions, received back from the welfare trusts by the assessee company would not partake the character of a revenue receipt constituting income and would merely have to be treated as a windfall or non-recurring receipt not liable to tax, though not exempted under specific provisions of the Act. - AT en-us Fri, 26 Feb 2021 15:12:27 +0530 Fri, 26 Feb 2021 15:12:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56927 Taxability of receipts from the welfare trusts - the said receipt being the unutilized portions, received back from the welfare trusts by the assessee company would not partake the character of a revenue receipt constituting income and would merely have to be treated as a windfall or non-recurring receipt not liable to tax, though not exempted under specific provisions of the Act. - AT Highlights Income Tax Fri, 26 Feb 2021 15:12:27 +0530 https://www.taxtmi.com/highlights?id=56927