THE ACIT, 2(1), UJJAIN vs. M/S. UJJAIN SHIKSHAN SHODH SAMITI, UJJAIN

In the result, the appeal of the revenue stands dismissed

Bench: Shri C.M. Garg & Shri O.P. Meena

196 (Cal) in which the taxability of corpus donation has been examined in the light of section 12 read section 2(24)(iia) of the Income tax Act and in this decision, it has been held as under :- “So far as section 2(24)(iia) is concerned, this section has to be read in the context of the introduction

M/S. DEVI SHAKUNTALA THKARAL CHARITABLE FOUNDATION,BHOPAL vs. DEPUTY COMMISSIONER OF INCOME TAX (EXEMPTION), BHOPAL

In the result, the appeal filed by the assessee is