Meaning of “Income derived from voluntary contribution”


Case Name : R.B. Shreeram Religious & Charitable Trust Vs. CIT Citation :[1998] 99 TAXMAN 318/233 ITR 53 (SC) Court : Supreme Court Section : 12 Meaning : The phrase ‘income derived from voluntary contribution’ in sub-section (1) of section 12 refers to income in the form of voluntary contributions received by the recipient, religious…

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