https://www.taxtmi.com/caselaws?id=471146 Interest earned on fixed deposits created from earlier donor receipts forms income of the trust unless the donor specifically directs that the interest itself forms part of the corpus. Exemption for corpus contributions under Section 11(1)(d) requires an express donor direction covering the interest income, not merely the original donation. In the absence of such direction, interest on deposits is taxable trust income. Principles concerning unspent conditional grants or separately directed corpus funds do not apply where the interest lacks a specific corpus direction. en-us Fri, 29 Dec 2023 00:00:00 +0530 Sat, 22 Aug 2026 13:57:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471146 Interest earned on fixed deposits created from earlier donor receipts forms income of the trust unless the donor specifically directs that the interest itself forms part of the corpus. Exemption for corpus contributions under Section 11(1)(d) requires an express donor direction covering the interest income, not merely the original donation. In the absence of such direction, interest on deposits is taxable trust income. Principles concerning unspent conditional grants or separately directed corpus funds do not apply where the interest lacks a specific corpus direction. Case-Laws Income Tax Fri, 29 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471146