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2019 (9) TMI 1644 - ITAT DELHIExemption u/s. 11 & 12 - corpus donation - DR submitted that the CIT(A) ignored the fact that in the absence of written direction from the donor, the donation will not be treated as corpus donation and consequently, from part of the income of the organization - CIT(A) allowed the appeal of the assessee - HELD THAT:- CIT(A) has rightly observed that merely making an accounting entry does not change the substance of the transaction that the Corpus Fund has been utilized for the purchase of capital assets. Thus, there is no need to interfere with the findings of the CIT(A). The appeal of the revenue is dismissed.
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