Corpus Specific Voluntary Donations of Unregistered Trust are Not Taxable: ITAT [Read Order]

Donations - Trust - Taxable - ITAT - TAXSCAN

The Pune bench of Income Tax Appellate Tribunal (ITAT) recently held that voluntary contributions received towards the corpus of trust  could not be taxable . Assessee Nandkishor Education Society is a society registered under the Bombay Public Trust Act, 1950. The assessee operates blood banks under the name and style as “Arpan Blood Bank” in…

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