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Interest on donation with specific direction to form part of corpus of trust will be exempt U/s. 11 d with specific direction o form part of corpus of trust will be exempt U/s. 11
Case Law Details
- Case Name
- CIT Vs Mata Amrithanandamayi Math (Karala High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Karnataka High Court
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CIT Vs Mata Amrithanandamayi Math (Karala High Court)
A reading of section 11 shows that subject to the provisions of sections 62 and 63, the incomes enumerated therein shall not be included in the total income of the previous year of the person in receipt of the income. The person in receipt of the income, insofar as these cases are concerned, is the respondent assessee. One of the income that is enumerated in clause (d) of sub-section (1) of the section is the income in the form of voluntary contributions made with a specific direction that they shall form part of the corpus of the trust or ...
