In the result, all the appeals filed by the revenue for the
Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh
32 to 36. From the return of income and the enclosed Balance sheet, it is evident that the entire sum of donations received for corpus was applied by the assessee for the purpose of acquiring the fixed assets as specified in the letters of donors. The sum of Rs.92,81,499/- was tied up donations for a specific purpose. There