Unregistered Trust's Voluntary Donations Not Taxable Despite Lack of Section 12AA Registration; Exemption Denial Overturned.

Unregistered Trust's Voluntary Donations Not Taxable Despite Lack of Section 12AA Registration; Exemption Denial Overturned. https://www.taxtmi.com/highlights?id=67935 Exemption u/s 11 - assessee not having registration u/s. 12AA - voluntary donations received for specific purpose - the corpus specific voluntary donations are not taxable in the case of unregistered trust also - the denial of exemption for not having registration u/s. 12AA of the Act resulted into disallowance therein is deleted. - AT en-us Fri, 27 Jan 2023 08:33:56 +0530 Fri, 27 Jan 2023 08:33:56 +0530 TaxTMI RSS Generator Unregistered Trust's Voluntary Donations Not Taxable Despite Lack of Section 12AA Registration; Exemption Denial Overturned. https://www.taxtmi.com/highlights?id=67935 Exemption u/s 11 - assessee not having registration u/s. 12AA - voluntary donations received for specific purpose - the corpus specific voluntary donations are not taxable in the case of unregistered trust also - the denial of exemption for not having registration u/s. 12AA of the Act resulted into disallowance therein is deleted. - AT Highlights Income Tax Fri, 27 Jan 2023 08:33:56 +0530 https://www.taxtmi.com/highlights?id=67935