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2007 (1) TMI 98 - DELHI HIGH COURT
Tribunal hold that the Assesses was not entitled to accumulate income for the objects of the Charitable Trust without specifying the purposes for which the income is accumulated –in the application seeking exemption, the Assesses has specified the charitable purposes for which funds will be utilized - held that we are of the opinion that it was not required for the Assesses to be more specific with regard to the utilization of the funds – Assessee’s appeal allowed