mode; (24) "income" includes— (i) profits and gains ; (ii) dividend ; (iia) voluntary contributions received by a trust created wholly or partly for charitable or religious
part only for such purposes, or of income being voluntary contributions referred to in sub-clause (iia) of clause (24) of section 2, shall
Section 10 in The Income Tax Act, 1961
10. Incomes not included in total income
receipt of such income; (d) income in the form of voluntary contributions made with a specific direction that they shall form part of the corpus ... trust or institution [,subject to the condition that such voluntary contributions are invested or deposited in one or more of the forms or modes specified
Section 9 (w.e.f. 1.4.2001).] Any voluntary contributions received by a trust created wholly for charitable or religious purposes or by an institution established
income of such trust whether derived from such property or from voluntary contributions referred to in sub-clause (ii-a) of clause (24) of section ... income of the trust whether derived from such property or from voluntary contributions referred to in sub-clause (iia) of clause (24) of section
purposes of this section, "anonymous donation" means any voluntary contribution referred to in sub-clause (iia) of clause (24) of section 2, where a person
given
its proper meaning. Such a contribution must be voluntary.
Therefore, a voluntary contribution is not made under com-
pulsion. Equally, it should ... treated as voluntary.
The argument, that the transfer of funds to the society
by the school can be regarded as voluntary contribution re-
ceived
other sources" or "Capital gains" or any income by way of voluntary contributions received by a political party from any person shall not be included ... properly deduce its income therefrom; (b) in respect of each such voluntary contribution other than contribution by way of electoral bond in excess of twenty
Income-tax officer, however, added to the
income of the assessee voluntary contributions received by
the assessee-trust amounting ... such voluntary contributions as
and when such contributions are invested, as contended by
the assessee. Also when under section 12(2) voluntary
contribution from
