https://www.taxtmi.com/highlights?id=67856 Exemption u/s 11 - donation received - if it is taken that the said fund was for infrastructural development or to say it was towards corpus fund of the trust, still as per the amended provisions of section 2(24)(iia) as amended vide Finance Act 1987 and further amended vide Amendment Act 1989, the trust being not registered u/s. 12A for the year under consideration, the corpus donation will form part of the taxable income of the assessee trust. - AT en-us Mon, 23 Jan 2023 08:42:53 +0530 Mon, 23 Jan 2023 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=67856 Exemption u/s 11 - donation received - if it is taken that the said fund was for infrastructural development or to say it was towards corpus fund of the trust, still as per the amended provisions of section 2(24)(iia) as amended vide Finance Act 1987 and further amended vide Amendment Act 1989, the trust being not registered u/s. 12A for the year under consideration, the corpus donation will form part of the taxable income of the assessee trust. - AT Highlights Income Tax Mon, 23 Jan 2023 08:42:53 +0530 https://www.taxtmi.com/highlights?id=67856