Tag: corpus donation

Corpus donation with specific purpose of purchase of lands for furtherance of the objects not income u/s 2(24)(iia) as they were capital receipts for specific purpose – ITAT ABCAUS Case Law Citation: ABCAUS 2781 (2019) (02) ITAT Important Case Laws Cited/relied upon by the parties ITO Vs. Vokkaligara …

Corpus donation amongst exempt entities not to be considered application of income. Amendment to section 11 and 10(23C) from AY 2018-19 Budget 2017-18 : Restriction on exemption in case of corpus donation by exempt entities to other exempt entities As per the existing provisions of the Act, donations …