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![Income Transferred from Capital Fund A/c can’t be treated as ‘ Deemed Income ’ of Trust since Fund has been utilized for Specific Purpose: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Deemed-Income-Taxscan.jpg "Income Transferred from Capital Fund A/c can’t be treated as ‘ Deemed Income ’ of Trust since Fund has been utilized for Specific Purpose: ITAT [Read Order]")
Income Transferred from Capital Fund A/c can’t be treated as ‘ Deemed Income ’ of Trust since Fund has been utilized for Specific Purpose: ITAT [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) in the case of ACIT v. State Examination Board, Gandhinagar held that income...