Case Law Analysis
|Income Tax Appellate Tribunal
Section 2(24) IT Act | Government Grants for Welfare Projects Exempt from Taxable Income : ITAT Delhi
ITAT Delhi rules that government grants earmarked for targeted welfare projects-such as the rehabilitation of female sex workers-do not constitute taxable income under Section 2(24) of the Income Tax Act. The ruling reinforces that conditional grants for non-profit objectives are exempt, provided the purpose and conditions are clearly documented and unchallenged by revenue authorities.