Interest Earned On Voluntary Contributions Made By Donors Under Specific Instructions To Charitable Institutions Exempt Under Sec. 11(1)(D) Of I-T Act, 1961: Kerala HC [Read Judgment]

In Commissioner of Income Tax (Exemptions) vs M/s Mata Amrithanandamayi Math (ITA.No. 34 of 2017 ), a division bench of the Kerala High Court has held that if the donors to a charitable institution had instructed that the interest earned on their voluntary contributions shall be added to the corpus of the trust, then the interest earned on such contributions would also partake the character...