[aaykarbhavan] Corpus capital Receipt not taxable even in the absence of sec 12a registration :AGRA ITAT

 A trust was not registered u/s 12A of the income tax Act, 1961 even than donations towards corpus being capital receipts weren't taxable :AGRA ITAT

Cases Referred:  Shri Shankar Bhagwan Estate Vs. ITO dated 13.01.1997 reported in (1997) 61 ITD 196 (Cal); CIT Vs. Trustees of Kasturbai Scindia CommissionTrust (1991) 189 ITR 5/57 taxman 38; Society for Integrated Development in Urban & Rural Areas Vs. Deputy Commissioner of Income Tax (2004) 90 ITD 493 (Hyd.); Sri Dwarkadhees Charitable Trust Vs. ITO (1975) 98 ITR 557 (All.); Deputy Commissioner of Income Tax Vs. Nasik Gymkhan 77 ITD 500 (Pune). pLEASE FIND THE FULL JUDGEMENT

Regards

CA Prarthana Jalan

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