https://www.taxtmi.com/caselaws?id=755569 The Gujarat HC ruled in favor of a trust regarding exemption under section 11(1)(d). The AO treated donations collected from students as capitation fees, denying the exemption. The HC held that amounts paid by parents for admission should be considered corpus donations, not capitation fees. The court noted the Assessing Authority failed to examine parents to determine the nature of payments. While acknowledging donations for securing admission may not qualify as charitable donations, the HC found insufficient evidence on record to support the revenue's position. The Tribunal erred in treating admission fees as non-corpus contributions. Appeal allowed for assessee. en-us Mon, 04 Mar 2024 00:00:00 +0530 Tue, 22 Oct 2024 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755569 The Gujarat HC ruled in favor of a trust regarding exemption under section 11(1)(d). The AO treated donations collected from students as capitation fees, denying the exemption. The HC held that amounts paid by parents for admission should be considered corpus donations, not capitation fees. The court noted the Assessing Authority failed to examine parents to determine the nature of payments. While acknowledging donations for securing admission may not qualify as charitable donations, the HC found insufficient evidence on record to support the revenue's position. The Tribunal erred in treating admission fees as non-corpus contributions. Appeal allowed for assessee. Case-Laws Income Tax Mon, 04 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755569