https://www.taxtmi.com/caselaws?id=465232 Corpus donations treated as revenue receipts were considered eligible for exemption and deduction under the charitable trust framework of Sections 11 and 12 of the Income-tax Act, 1961. The Tribunal accepted the assessee's alternative plea that, once the receipt was characterised as revenue in nature, it could be assessed under the exemption regime applicable to charitable trusts in accordance with law. On that premise, deduction under Sections 11 and 12 was held to be available. en-us Wed, 17 Jan 2024 00:00:00 +0530 Thu, 11 Dec 2025 20:42:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465232 Corpus donations treated as revenue receipts were considered eligible for exemption and deduction under the charitable trust framework of Sections 11 and 12 of the Income-tax Act, 1961. The Tribunal accepted the assessee's alternative plea that, once the receipt was characterised as revenue in nature, it could be assessed under the exemption regime applicable to charitable trusts in accordance with law. On that premise, deduction under Sections 11 and 12 was held to be available. Case-Laws Income Tax Wed, 17 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465232