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Section 11(1)(d) Exemption allowable to Corpus donations received by trust

RATHI 11 Jul 2024 741 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : N H Kapadia Education Trust Vs ACIT (Gujarat High Court)

Appeal Number : R/Tax Appeal No. 89 of 2024

Date of Judgement/Order : 04/03/2024

Related Assessment Year : 2013-14

Courts : All High Courts Gujarat High Court

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N H Kapadia Education Trust Vs ACIT (Gujarat High Court)

Conclusion: Corpus donations received by the trust was exempted under Section 11(1)(d) as the donation was bound to have been given for material gain in securing admission, the same could not be characterised as donation towards charitable purpose and admission fe

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