https://www.taxtmi.com/caselaws?id=410064 The Tribunal ruled in favor of the appellant trust on both issues. It held that corpus donations should not be considered as income under Section 10(23C)(vi) of the Income Tax Act, 1961, and that the provision for gratuity payable, determined by actuarial valuation, should be treated as application of income. The Tribunal overturned the decisions of the lower authorities, allowing the appellant's claims. en-us Thu, 22 Jul 2021 00:00:00 +0530 Fri, 23 Jul 2021 23:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410064 The Tribunal ruled in favor of the appellant trust on both issues. It held that corpus donations should not be considered as income under Section 10(23C)(vi) of the Income Tax Act, 1961, and that the provision for gratuity payable, determined by actuarial valuation, should be treated as application of income. The Tribunal overturned the decisions of the lower authorities, allowing the appellant's claims. Case-Laws Income Tax Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410064