Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2009 (9) TMI 978 - DELHI HIGH COURT
Extract:
.......he bank and the money was admittedly spent for acquiring land for construction of a college. In these circumstances, we are of the opinion that the CIT(A) as well as ITAT rightly concluded that the donations received towards corpus of the trust would be capital receipt and not revenue receipt chargeable to tax. No question of law arises. Dismissed.