https://www.taxtmi.com/caselaws?id=410242 The tribunal accepted the assessee's reasons for delay in filing the appeal, condoning the delay and allowing the appeal for adjudication. Regarding the tax treatment of corpus donations received by a trust, the tribunal held that corpus donations with a specific direction to form part of the trust's corpus are includable in the total income if the trust is not registered under section 12A. Emphasizing the necessity of registration under section 12A, the tribunal dismissed the appeal, affirming that without such registration, trusts cannot claim exemptions under sections 11 and 12 of the Income Tax Act. en-us Thu, 22 Jul 2021 00:00:00 +0530 Tue, 11 Oct 2022 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410242 The tribunal accepted the assessee's reasons for delay in filing the appeal, condoning the delay and allowing the appeal for adjudication. Regarding the tax treatment of corpus donations received by a trust, the tribunal held that corpus donations with a specific direction to form part of the trust's corpus are includable in the total income if the trust is not registered under section 12A. Emphasizing the necessity of registration under section 12A, the tribunal dismissed the appeal, affirming that without such registration, trusts cannot claim exemptions under sections 11 and 12 of the Income Tax Act. Case-Laws Income Tax Thu, 22 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410242