https://www.taxtmi.com/caselaws?id=470950 Restoration of charitable registration under Section 12A makes a trust eligible for exemption and accumulation benefits under Section 11. Contributions from settlors, including the Government of India and SIDBI, that are demonstrably directed under the trust deed towards the corpus fund are treated as corpus receipts rather than taxable voluntary contributions. The restored registration therefore governs the assessment, excluding qualifying corpus contributions from taxable income and allowing the statutory accumulation deduction under Section 11(1)(a). en-us Thu, 25 Jul 2024 00:00:00 +0530 Fri, 14 Aug 2026 14:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470950 Restoration of charitable registration under Section 12A makes a trust eligible for exemption and accumulation benefits under Section 11. Contributions from settlors, including the Government of India and SIDBI, that are demonstrably directed under the trust deed towards the corpus fund are treated as corpus receipts rather than taxable voluntary contributions. The restored registration therefore governs the assessment, excluding qualifying corpus contributions from taxable income and allowing the statutory accumulation deduction under Section 11(1)(a). Case-Laws Income Tax Thu, 25 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470950