https://www.taxtmi.com/caselaws?id=27965 The court held that the sum of Rs. 1,00,000 received by the assessee-trust from the Calcutta trust is not liable to be included as part of the income of the assessee-trust u/s 12(2) of the Income Tax Act, 1961. The court determined that the donation was intended for a specific purpose, the water supply scheme, and should be treated as corpus, not income. This decision favored the assessee and went against the Revenue. en-us Mon, 16 Apr 1984 00:00:00 +0530 Wed, 17 Feb 2010 11:18:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27965 The court held that the sum of Rs. 1,00,000 received by the assessee-trust from the Calcutta trust is not liable to be included as part of the income of the assessee-trust u/s 12(2) of the Income Tax Act, 1961. The court determined that the donation was intended for a specific purpose, the water supply scheme, and should be treated as corpus, not income. This decision favored the assessee and went against the Revenue. Case-Laws Income Tax Mon, 16 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27965