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2007 (2) TMI 215 - DELHI HIGH COURT
Assessee, charitable trust filed application for accumulation of income – revenue allege that assessee not mentioned the specific purpose for accumulation, but only mentioned that it would be utilized for the objects of the trust - held that it is not necessary to state specifically that for which purpose the accumulation is sought – assessee cannot be denied to exemption u/s 11(2) if assessee could not utilize the amount due to statutory regulation