https://www.taxtmi.com/caselaws?id=302926 The appellant trust challenged the addition made by the Assessing Officer regarding corpus donations claimed as exempt under section 11(1)(d) of the Income Tax Act. The Assessing Officer held that since the trust was not registered under section 12A, the donations were added to income. The Ld. CIT(A) upheld this decision. The Tribunal found in favor of the appellant, granting registration under section 12AA retrospectively, entitling the trust to the exemption. As a result, the addition was deleted, and the Revenue's appeal against the penalty order was dismissed. en-us Thu, 31 Jan 2019 00:00:00 +0530 Fri, 24 Jun 2022 07:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302926 The appellant trust challenged the addition made by the Assessing Officer regarding corpus donations claimed as exempt under section 11(1)(d) of the Income Tax Act. The Assessing Officer held that since the trust was not registered under section 12A, the donations were added to income. The Ld. CIT(A) upheld this decision. The Tribunal found in favor of the appellant, granting registration under section 12AA retrospectively, entitling the trust to the exemption. As a result, the addition was deleted, and the Revenue's appeal against the penalty order was dismissed. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302926