https://www.taxtmi.com/caselaws?id=791807 Corpus donation received by a registered charitable trust was treated as a capital receipt eligible for exemption under section 11, because the trust held registration under section 12A/12AA and the Assessing Officer did not dispute the receipt itself. The adjustment made in the intimation under section 143(1) and the refusal to grant rectification under section 154 were unsustainable because the registration status and exemption claim were not properly considered. The higher tax computation at the maximum marginal rate was therefore not justified, and the addition and tax demand were held to be incorrect. en-us Fri, 15 May 2026 00:00:00 +0530 Mon, 18 May 2026 08:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791807 Corpus donation received by a registered charitable trust was treated as a capital receipt eligible for exemption under section 11, because the trust held registration under section 12A/12AA and the Assessing Officer did not dispute the receipt itself. The adjustment made in the intimation under section 143(1) and the refusal to grant rectification under section 154 were unsustainable because the registration status and exemption claim were not properly considered. The higher tax computation at the maximum marginal rate was therefore not justified, and the addition and tax demand were held to be incorrect. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791807