“Corpus Donations” received by assessee’s Trust will include in total income of Trust, if exemption u/s 11 Income Tax Act denied :ITAT [Read Order]

By Aparna. M - On November 7, 2023 10:00 am - 2 mins read
Corpus Donations - assessee’s Trust - total income - total income of Trust - exemption - Income Tax Act - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai bench held that corpus donation received by assessee trust would include in total income of trust when exemption under Section 11 of the Income Tax Act 1961 denied. The assessee Ramsahaimal Sahuwala & Sons Charitable Trust is a  Trust was established in the year 1972 and is registered…

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