Meaning of “Corpus”

Case Name : Dit vs. Sri ramakrishna seva ashrama 

Citation : [2012] 18 taxmann.Com 37/205 taxman 26 (kar.)

Court : Karnataka high court

Section : 11

Meaning : One should understand the word ‘corpus’ in the context of a capital, opposed to an expenditure. It is a capital of an assessee; a capital of an estate; capital of a trust; a capital of an institution.

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