Compulsory Development fee received by educational society is not a capital receipt

ACIT (E) Vs Scholars Education Trust of India (ITAT Jaipur)

The dispute before us is on the limited point whether the receipt on account of development fund/development fee from the students of the assessee is in the category of capital receipts/corpus fund to be used by the assessee for specific purpose or not. So far as a voluntary donation or contribution for specific purpose is received by the trust or institution the same would be classified as capital receipt for being part of the corpus fund for specific purpose for which such donation is given b

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