Allowing the appeal, the Tribunal held that the income of the trust at gross receipts, since the gross receipts of the assessee were ₹ 1.41 crores and application of funds was also to the tune of ₹ 1.41 crores, comprising revenue expenditure of ₹ 1.35 crores and capital expenditure of ₹ 6.10 lakhs, income of the assessee was to be assessed as nil (AY. 2022-23)