1985 (4) TMI 90 - AT - Income Tax

Summary

The dispute was about denying exemption to donations of Rs. 33,000 under section 12 of the Act. The appellant argued that the donations were for the corpus of the trust, supported by clause 8 of the Waqf deed. The Tribunal found in favor of the appellant, stating that the donations were held as part of the trust corpus, entitling the appellant to exemption under section 12. The addition of Rs. 33,000 to the appellant's income was deleted, and the appeal was allowed.