Contractual or Compulsive Transfer of Donation Fund does not fall under Voluntary Donation, which cannot be treated as application of fund towards object of Trust: ITAT directs Readjudication for granting Registration

By Aparna. M - On October 21, 2023 5:30 pm - 2 mins read

Contractual or Compulsive Transfer of Donation - ITAT - Income Tax - Income Tax Act - Voluntary Donation - object of Trust - Contractual - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench held that contractual or compulsive transfer of donation funds did not fall under voluntary donation, which could not be treated as an application of funds towards the object of the trust. Therefore, after observing the above, the bench directed readjudication in respect of granting registration for the…

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