https://www.taxtmi.com/caselaws?id=785056 Dispute concerns entitlement to income-tax exemption for a registered charitable institution on interest from mandated bank investments and corpus donations under the charitable purpose definition. The institutions 12A registration and approved objects create a presumption of charitable status unless shown contrary; passive interest earned on statutory mandated investments does not convert activities into commercial or mutual operations, so exemption applies. Allegations of private benefit under related-party provisions lacked cogent material and were rejected. Corpus donations were treated as capital receipts and exempt. Consequently, additions for interest and corpus receipts were deleted and the exemption claim allowed. en-us Wed, 24 Dec 2025 00:00:00 +0530 Fri, 16 Jan 2026 08:03:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785056 Dispute concerns entitlement to income-tax exemption for a registered charitable institution on interest from mandated bank investments and corpus donations under the charitable purpose definition. The institutions 12A registration and approved objects create a presumption of charitable status unless shown contrary; passive interest earned on statutory mandated investments does not convert activities into commercial or mutual operations, so exemption applies. Allegations of private benefit under related-party provisions lacked cogent material and were rejected. Corpus donations were treated as capital receipts and exempt. Consequently, additions for interest and corpus receipts were deleted and the exemption claim allowed. Case-Laws Income Tax Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785056