Section 68 Inapplicable for Registered Charitable Trusts Using Corpus Funds for Intended Purposes u/s 12A.

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....Addition u/s 68 - Exemption u/s 11 - if there is a disclosure of this income in the hands of the assessee as corpus fund and applied the same is for charitable purposes for which the assessee-trust is created, and also the assessee-trust is having due registration u/s 12A AO cannot invoke the provisions of section 68 so as to sustain the addition....