Voluntary contributions within the meaning of Section 12 ::

Court :
HC

Brief :
Held by hon"ble court that voluntary contribution means payment made without any compulsion. Whereas in this case, member is under an obligation to pay the fee. Hence, it could not be treated as voluntary contribution u/s 12.

Citation :
C.I.T Vs. Divine Light Mission

Voluntary contributions within the meaning of Section 12 C.I.T Vs. Divine Light Mission 4/21/2004 (2005) 146 Taxman653 (Delhi) Case Fact: Whether membership fee received by the society from its members can be treated as voltunary contribution u/s 12. Decision: Held by hon"ble court that voluntary contribution means payment made without any compulsion. Whereas in this case, member is under an obligation to pay the fee. Hence, it could not be treated as voluntary contribution u/s 12.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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