https://www.taxtmi.com/caselaws?id=781843 ITAT AH held that donations collected from milk supplying societies, being compulsory and linked to quantity of milk fat supplied, are not "voluntary contributions" with specific direction under s.11(1)(d) and therefore cannot be treated as corpus donations. The assessee's ground on corpus exemption was rejected. However, following its earlier decision in assessee's own case, ITAT held that once such receipts are treated as revenue, they are governed by ss.11 and 12. Upholding CIT(A), ITAT directed the AO to allow 15% statutory deduction accordingly. en-us Mon, 17 Nov 2025 00:00:00 +0530 Fri, 21 Nov 2025 08:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781843 ITAT AH held that donations collected from milk supplying societies, being compulsory and linked to quantity of milk fat supplied, are not "voluntary contributions" with specific direction under s.11(1)(d) and therefore cannot be treated as corpus donations. The assessee's ground on corpus exemption was rejected. However, following its earlier decision in assessee's own case, ITAT held that once such receipts are treated as revenue, they are governed by ss.11 and 12. Upholding CIT(A), ITAT directed the AO to allow 15% statutory deduction accordingly. Case-Laws Income Tax Mon, 17 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781843