Specific corpus donation not taxable even if trust wasn’t registered u/s 12A : ITAT
The amount of Rs. 2,30,00,000/- was received by the assessee trust from Bank of India towards corpus fund. The said amount was specifically directed to be kept as a tied-up fund and only interest earned from the same was to be utilised for the furtherance of the objects of the trust corpus donations being in… Read More »