ITAT, Mumbai: Corpus Donations Received by Trust Not Taxable, Even If Trust Is unregistered - 18.04.2022

Income Tax Appellate Tribunal, Mumbai has held that the corpus donations received by a Trust for a specific purpose are not taxable, even if the Trust is unregistered under Section 12 A of the Income Tax Act, 1961 since they are in the nature of a capital receipt.

Tags : Income Tax Appellate Tribunal Section 12 A of the Income Tax Act 1961 capital receipt

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