https://www.taxtmi.com/caselaws?id=472597 Statutorily mandated contributions earmarked for accumulation, with only the interest available for welfare objects, have the capital character required for corpus treatment. Restrictions preventing use of the principal for the trust's objects provide the specific direction necessary to treat the receipts as corpus. Such contributions are not assessable as income. Further, Section 12(1) covers voluntary contributions; if the contributions are non-voluntary, they independently fall outside that provision's scope. The resulting addition is deleted. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 16 Oct 2026 18:43:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472597 Statutorily mandated contributions earmarked for accumulation, with only the interest available for welfare objects, have the capital character required for corpus treatment. Restrictions preventing use of the principal for the trust's objects provide the specific direction necessary to treat the receipts as corpus. Such contributions are not assessable as income. Further, Section 12(1) covers voluntary contributions; if the contributions are non-voluntary, they independently fall outside that provision's scope. The resulting addition is deleted. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472597