Case Law Details
Case Name : Ramsahaimal Sahuwala & Sons Charitable Trust Vs ACIT (ITAT Chennai)
Related Assessment Year : 2013-14
Courts :
All ITAT ITAT Chennai
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Ramsahaimal Sahuwala & Sons Charitable Trust Vs ACIT (ITAT Chennai)
ITAT Chennai held that corpus donations received by the Trust is income of the Trust when the Trust is not entitled for the exemption under section 11 of the Income Tax Act.
Facts- The appellant Trust is registered u/s.12AA of the Income Tax Act, 1961. A survey u/s.133A of the Act, was conducted in the business premise of the assessee on 23.01.2020. During the course of survey, it was noticed that the
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