https://www.taxtmi.com/caselaws?id=428141 The tribunal ruled in favor of the assessee, quashing the revenue's order and allowing the appeal for registration under section 12AA. It emphasized the importance of trust genuineness and alignment with main objectives, stating that corpus donations to unregistered trusts are capital receipts and not taxable. The tribunal highlighted the need for trust activities to align with charitable objectives and cited legal references supporting the non-taxability of corpus donations pre-registration. en-us Tue, 20 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 08:21:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428141 The tribunal ruled in favor of the assessee, quashing the revenue's order and allowing the appeal for registration under section 12AA. It emphasized the importance of trust genuineness and alignment with main objectives, stating that corpus donations to unregistered trusts are capital receipts and not taxable. The tribunal highlighted the need for trust activities to align with charitable objectives and cited legal references supporting the non-taxability of corpus donations pre-registration. Case-Laws Income Tax Tue, 20 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428141