https://www.taxtmi.com/caselaws?id=428610 The Tribunal ruled in favor of the appellant trust, holding that the corpus donation of Rs. 10,42,750/- should not be taxed as income, even though the trust was not registered under section 12A of the Income Tax Act for the relevant assessment year. The Tribunal emphasized the precedent set in a similar case and directed the Assessing Officer to delete the addition. The issue of charging interest under sections 234A, 234B, and 234C was considered consequential and not separately addressed. The appeal was partly allowed in favor of the assessee. en-us Fri, 30 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428610 The Tribunal ruled in favor of the appellant trust, holding that the corpus donation of Rs. 10,42,750/- should not be taxed as income, even though the trust was not registered under section 12A of the Income Tax Act for the relevant assessment year. The Tribunal emphasized the precedent set in a similar case and directed the Assessing Officer to delete the addition. The issue of charging interest under sections 234A, 234B, and 234C was considered consequential and not separately addressed. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428610