Provisions of section 2(15) doesn’t apply to corpus fund donation of a charitable institution

Kakatiya Sangham Vs ITO (ITAT Visakhapatnam)

ITAT Visakhapatnam held that contributions received for charitable purpose cannot be treated as income u/s 2(24)(iia) of the Act and hence, the provision of section 2(15) do not apply to the corpus fund donations of a charitable institution.

Facts- The assessee society was registered u/s 12A of the Act. The assessee receives voluntary contributions and fee for maintaining marriage halls. AO noticed that the assessee is in receip

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