https://www.taxtmi.com/caselaws?id=29196 The High Court of Calcutta upheld the taxation of voluntary contributions received by a charity fund from a Trust Fund as income under section 12(2) of the Income Tax Act, 1961. The Court ruled in favor of the Revenue, directing further consideration by the Tribunal on potential exemptions under section 11. The judgment emphasized the necessity for charitable institutions to adhere to the provisions of the Income Tax Act, specifically sections 11 and 12, to determine the taxability of such contributions and to ensure proper documentation for claiming exemptions. en-us Wed, 19 Jul 1978 00:00:00 +0530 Thu, 11 Mar 2010 13:20:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29196 The High Court of Calcutta upheld the taxation of voluntary contributions received by a charity fund from a Trust Fund as income under section 12(2) of the Income Tax Act, 1961. The Court ruled in favor of the Revenue, directing further consideration by the Tribunal on potential exemptions under section 11. The judgment emphasized the necessity for charitable institutions to adhere to the provisions of the Income Tax Act, specifically sections 11 and 12, to determine the taxability of such contributions and to ensure proper documentation for claiming exemptions. Case-Laws Income Tax Wed, 19 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29196