https://www.taxtmi.com/caselaws?id=468618 A bequest to a charitable trust is treated as corpus, and not taxable income, where the donor's intention is to endow the trust capital and the recipient trust treats the receipt as part of corpus. The decisive tests are the terms of the instrument and the surrounding circumstances, read with the manner in which the trust applies the amount. On the facts, the will described the payment as an endowment and the trust accounted for it as corpus, so the receipt qualified as a corpus donation eligible for exemption under section 11(1)(d) of the Income-tax Act, 1961. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468618 A bequest to a charitable trust is treated as corpus, and not taxable income, where the donor's intention is to endow the trust capital and the recipient trust treats the receipt as part of corpus. The decisive tests are the terms of the instrument and the surrounding circumstances, read with the manner in which the trust applies the amount. On the facts, the will described the payment as an endowment and the trust accounted for it as corpus, so the receipt qualified as a corpus donation eligible for exemption under section 11(1)(d) of the Income-tax Act, 1961. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468618