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1991 (7) TMI 16 - HC - Income Tax
Extract:
.......res the accumulation of the income exists and, if such resolution or evidence is placed before the Tribunal, the Tribunal will consider whether the obligation cast on the assessee under section 11(2) has been discharged and the exemption, accordingly, may be granted to the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J. -I agree.