https://www.taxtmi.com/highlights?id=79345 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. en-us Fri, 12 Jul 2024 16:38:29 +0530 Fri, 12 Jul 2024 16:38:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79345 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. Highlights Income Tax Fri, 12 Jul 2024 16:38:29 +0530 https://www.taxtmi.com/highlights?id=79345