https://www.taxtmi.com/caselaws?id=781929 ITAT Mumbai allowed the assessee-trust's appeal, holding that voluntary contributions received with a specific direction to form part of the corpus are exempt under s.11(1)(d), as the trust's registration under s.12A remained valid. The corpus donations could not be treated as taxable income, and the AO's inference based on a reduction in corpus as compared to the preceding year was found factually incorrect. The Tribunal noted that the trust had furnished adequate documentary evidence, including for the lease deposit paid for premises and for claiming depreciation on assets used for charitable purposes. The addition made towards corpus fund donations was deleted. en-us Wed, 29 Oct 2025 00:00:00 +0530 Sat, 22 Nov 2025 07:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781929 ITAT Mumbai allowed the assessee-trust's appeal, holding that voluntary contributions received with a specific direction to form part of the corpus are exempt under s.11(1)(d), as the trust's registration under s.12A remained valid. The corpus donations could not be treated as taxable income, and the AO's inference based on a reduction in corpus as compared to the preceding year was found factually incorrect. The Tribunal noted that the trust had furnished adequate documentary evidence, including for the lease deposit paid for premises and for claiming depreciation on assets used for charitable purposes. The addition made towards corpus fund donations was deleted. Case-Laws Income Tax Wed, 29 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781929