https://www.taxtmi.com/caselaws?id=217604 The Tribunal ruled in favor of the assessee, finding no violation of Section 11(1)(d) regarding the sale of shares received as corpus donations. It held that the conversion of shares into cash complied with statutory provisions, maintaining the original corpus intact. Additionally, the Tribunal allowed the assessee's exemption under Section 11 for the relevant assessment years and upheld the exemption of dividend and interest income under Sections 10(34) and 10(15), dismissing the department's appeal. en-us Fri, 12 Oct 2012 00:00:00 +0530 Wed, 17 Oct 2012 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217604 The Tribunal ruled in favor of the assessee, finding no violation of Section 11(1)(d) regarding the sale of shares received as corpus donations. It held that the conversion of shares into cash complied with statutory provisions, maintaining the original corpus intact. Additionally, the Tribunal allowed the assessee's exemption under Section 11 for the relevant assessment years and upheld the exemption of dividend and interest income under Sections 10(34) and 10(15), dismissing the department's appeal. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217604