Corpus donations received by trust are taxable if it was not registered under sec. 12A: Chennai ITAT

INCOME TAX : Where assessee charitable trust was not registered under section 12A, voluntary donations received by it with a specific direction to be formed part of corpus of trust would fall within ambit of income of a trust derived from property held under trust and, hence, includible in total income of trustINCOME TAX : Where assessee charitable trust was not registered under section 12A, voluntary donations received by it with a specific direction to be formed part of corpus of trust would fall within ambit of income of a trust derived from property held under trust and, hence, includible in total income of trustwww.taxmann.com Latest Case LawsRead More

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