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

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....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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