https://www.taxtmi.com/caselaws?id=28668 The court determined that grants-in-aid received by a charitable company from the Government were voluntary contributions exempt under section 12(1) of the Income-tax Act, 1961. The court held that the grants were made without expecting any return, distinguishing them from payments under a contract. Despite conditions imposed by the Government, the grants were deemed voluntary in nature, ensuring proper utilization. The court upheld the decision of the Appellate Assistant Commissioner and Income-tax Appellate Tribunal, ruling in favor of the assessee and awarding costs of the reference to them. en-us Fri, 25 Jun 1982 00:00:00 +0530 Fri, 05 Jun 2026 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28668 The court determined that grants-in-aid received by a charitable company from the Government were voluntary contributions exempt under section 12(1) of the Income-tax Act, 1961. The court held that the grants were made without expecting any return, distinguishing them from payments under a contract. Despite conditions imposed by the Government, the grants were deemed voluntary in nature, ensuring proper utilization. The court upheld the decision of the Appellate Assistant Commissioner and Income-tax Appellate Tribunal, ruling in favor of the assessee and awarding costs of the reference to them. Case-Laws Income Tax Fri, 25 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28668