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2010 (9) TMI 533 - AT - Income TaxAddition of income – Deemed income - The facts of the case are that the assessee filed nil return of income on 1.4.2006 claiming deduction under section 11 of the I.T. Act - The AO further observed that as per provisions of section 11(3)(d) of the Act, any income referred to in section 11(1) credited or paid to any other charitable institution was deemed to be the income of the assessee of the previous year in which the amount was credited or paid - Since the accumulated funds have been transferred in accordance with the second proviso to section 11(3A) – Appeal of the revenue is rejected Addition of Rs. 6,80,783 as per provisions of section 11(3)(b) of the Act challenged by the assessee has remained to be adjudicated by the ld.CIT(A) - This ground of appeal is treated as allowed for statistical purposes - The appeal of the Revenue is dismissed, whereas the Cross Objection filed by the assessee is allowed for statistical purposes
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