https://www.taxtmi.com/caselaws?id=60113 The tribunal confirmed the assessment of capital gains on the sale of investments to a charitable trust, ruling that the reinvestment did not qualify as acquiring another capital asset. However, it allowed the appeal partially regarding the taxability of voluntary contributions received from another charitable trust, holding that the contributions were exempt under section 12(1) of the Income-tax Act, 1961, and not subject to assessment under section 11. en-us Fri, 05 Feb 1982 00:00:00 +0530 Mon, 03 Jan 2011 17:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60113 The tribunal confirmed the assessment of capital gains on the sale of investments to a charitable trust, ruling that the reinvestment did not qualify as acquiring another capital asset. However, it allowed the appeal partially regarding the taxability of voluntary contributions received from another charitable trust, holding that the contributions were exempt under section 12(1) of the Income-tax Act, 1961, and not subject to assessment under section 11. Case-Laws Income Tax Fri, 05 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60113