https://www.taxtmi.com/caselaws?id=25794 The High Court held that the donation received by the assessee trust in the form of preference shares was intended to augment the trust's corpus and should not be considered as income for tax assessment purposes. Relying on precedents from various High Courts, the Court ruled in favor of the assessee, directing the deletion of the donation amount from taxable accumulation. The decision aligned with the principle that donations specifically meant to enhance the trust's corpus should not be treated as income. en-us Mon, 16 Dec 1985 00:00:00 +0530 Sat, 30 Jan 2010 18:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25794 The High Court held that the donation received by the assessee trust in the form of preference shares was intended to augment the trust's corpus and should not be considered as income for tax assessment purposes. Relying on precedents from various High Courts, the Court ruled in favor of the assessee, directing the deletion of the donation amount from taxable accumulation. The decision aligned with the principle that donations specifically meant to enhance the trust's corpus should not be treated as income. Case-Laws Income Tax Mon, 16 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25794