Donation received for Capital Projects of Trust are Corpus Donations: ITAT directs re-adjudication [Read Order]

Donation - Capital Projects - Donation received for Capital Projects of Trust -Trust - Corpus Donations - taxscan

The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that donations received for capital projects of trust are corpus donations. Thus, the bench directed for readjudication of the copies of receipts/details of corpus donations which was not verified by the tax authorities for providing exemption. Assessee, Ayyappa Seva Samgham Bombay is registered as charitable organization…

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