Veeravel Trust v. ITO (2021) 190 ITD 520 (Chennai)(Trib.)

S. 11 : Property held for charitable purposes-Trust was not registered-Corpus donation-Includable in total income. [S. 2(15), 12A]

Held that the  assessee charitable trust was not registered under section 12A, voluntary donations received by it with a specific direction to be formed part of corpus of trust would fall within ambit of income of a trust derived from property held under trust and, hence, includible in total income of trust.  (AY. 2014-15)