DIT(Exemption) v Sri Ramakrishna Seva Ashrama (357 ITR 731)

Assessee trust collected donations for a rural project fund. The Assessing Officer denied treating it as a corpus fund due to the absence of specific donor direction. However, the Karnataka High Court ruled that voluntary contributions do not require a specific written direction to be considered as corpus funds. As long as the donor's intention is to give money to the trust for a specific activity, it satisfies the definition of "corpus fund" and the assessee is entitled to exemption under section 11 of the Act for such contributions.