https://www.taxtmi.com/caselaws?id=801153 Corpus exemption for voluntary contributions depends on a specific, verifiable and contemporaneous direction from each donor that the contribution forms part of the corpus, together with compliance with prescribed investment conditions. A recipient's later classification or directions from an unauthorised group representative cannot replace that donor direction. Reassessment initiated beyond four years requires recorded material showing failure of full and true disclosure and independent prima facie satisfaction rather than a change of opinion. Application of accumulated income to immovable property requires verification of the stated accumulation purpose, funding source, charitable-object nexus and actual use. Statutory accumulation remains available for contributions not accepted as corpus, subject to conditions and no double benefit. A trustee resolution may supplement Form No. 10 where it identifies distinct and sufficiently specific accumulation projects. en-us Tue, 08 Sep 2026 00:00:00 +0530 Fri, 16 Oct 2026 05:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801153 Corpus exemption for voluntary contributions depends on a specific, verifiable and contemporaneous direction from each donor that the contribution forms part of the corpus, together with compliance with prescribed investment conditions. A recipient's later classification or directions from an unauthorised group representative cannot replace that donor direction. Reassessment initiated beyond four years requires recorded material showing failure of full and true disclosure and independent prima facie satisfaction rather than a change of opinion. Application of accumulated income to immovable property requires verification of the stated accumulation purpose, funding source, charitable-object nexus and actual use. Statutory accumulation remains available for contributions not accepted as corpus, subject to conditions and no double benefit. A trustee resolution may supplement Form No. 10 where it identifies distinct and sufficiently specific accumulation projects. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801153