Supreme Court Cancels SARFAESI Auction Sale After 16 Years Due to a 5-Day Payment Delay  ||  Jhar HC Orders 2-Month Probe Deadline, DGP Monitoring to Overhaul Sexual Violence Response in State  ||  Delhi HC: Social Media Cannot Undermine Judiciary; Intermediaries Must Act Without Court Orders  ||  Bom HC Directs No Coercive Action Against Anil Ambani under Black Money Act in Rs 420 Crore Tax Case  ||  Allahabad HC Flags Misuse of BNSS Preventive Detention Powers in Prayagraj Police Commissionerate  ||  Bombay HC: Court-Directed Disclosure Prevails over Confidentiality Clause in Agreement  ||  SC : Del HC can be Approached by CAPF Personnel for Service Disputes  ||  Delhi HC: Khurram Parvez Granted Bail in UAPA Case  ||  Allahabad HC: Magistrates, Police Personally Liable for Illegal Detention  ||  Bombay HC: No Case for Prior Restraint Against HDFC    

ITAT, Mumbai: Corpus Donations Received by Trust Not Taxable, Even If Trust Is unregistered - (18 Apr 2022)

DIRECT TAXATION

Income Tax Appellate Tribunal, Mumbai has held that the corpus donations received by a Trust for a specific purpose are not taxable, even if the Trust is unregistered under Section 12 A of the Income Tax Act, 1961 since they are in the nature of a capital receipt.

Tags : INCOME TAX APPELLATE TRIBUNAL   SECTION 12 A OF THE INCOME TAX ACT   1961   CAPITAL RECEIPT  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved