https://www.taxtmi.com/caselaws?id=28340 The court ruled that the donation received by the charitable trust from another charitable trust towards its corpus did not constitute income under section 12(2) of the Income-tax Act, 1961. The court emphasized that voluntary contributions towards the corpus are not considered income and are excluded from deemed income. The decision was against the Revenue, with costs awarded to the assessee. en-us Thu, 25 Nov 1982 00:00:00 +0530 Sat, 20 Feb 2010 14:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28340 The court ruled that the donation received by the charitable trust from another charitable trust towards its corpus did not constitute income under section 12(2) of the Income-tax Act, 1961. The court emphasized that voluntary contributions towards the corpus are not considered income and are excluded from deemed income. The decision was against the Revenue, with costs awarded to the assessee. Case-Laws Income Tax Thu, 25 Nov 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28340