https://www.taxtmi.com/caselaws?id=37393 The High Court of Gujarat ruled in favor of a charitable trust in a dispute with the Income Tax Officer regarding the treatment of donations as income. The Court held that donations specifically meant for the corpus of the trust do not constitute income under section 12(1) of the Income Tax Act, 1961, and are not subject to section 12(2) provisions. The Court emphasized the distinction between voluntary contributions treated as income and those meant for the trust's corpus, aligning with a decision of the Allahabad High Court. The trust prevailed, with the Commissioner directed to bear the reference costs. en-us Wed, 07 Feb 1979 00:00:00 +0530 Mon, 29 Mar 2010 13:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37393 The High Court of Gujarat ruled in favor of a charitable trust in a dispute with the Income Tax Officer regarding the treatment of donations as income. The Court held that donations specifically meant for the corpus of the trust do not constitute income under section 12(1) of the Income Tax Act, 1961, and are not subject to section 12(2) provisions. The Court emphasized the distinction between voluntary contributions treated as income and those meant for the trust's corpus, aligning with a decision of the Allahabad High Court. The trust prevailed, with the Commissioner directed to bear the reference costs. Case-Laws Income Tax Wed, 07 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37393