Corpus Specific Voluntary Contribution is a Capital Receipt and can’t be offered to Tax in case of Trust not Registered u/s 12A: ITAT [Read Order]

Capital Receipt - ITAT - Income Tax Appellate Tribunal - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the corpus-specific voluntary contribution is a capital receipt and cannot be offered to tax in the case of trust not registered under Section 12A of the Income Tax Act, 1961. The assessee filed its return of income, which return was selected for scrutiny…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader