Dividend received from shares donated as corpus fund is treated ...

Dividends from donated shares form corpus, not income, if donor directs so. Reinvestment in specified modes u/s 11(5) qualifies for exemption.

Case Laws Income Tax

July 12, 2024

Dividend received from shares donated as corpus fund is treated as part of corpus fund, not income, if donor directs so, following Mata Amrithanandamayi Math case. Since assessee invested dividend in specified modes u/s 11(5), it qualifies for exemption. Revenue's appeal against this treatment is dismissed by ITAT.

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Dividend received from shares donated as corpus fund is treated ...

Dividends from donated shares form corpus, not income, if donor directs so. Reinvestment in specified modes u/s 11(5) qualifies for exemption.

Case Laws Income Tax

July 12, 2024

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