Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2007 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2007 (2) TMI 215 - HC - Income TaxAssessee, 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
|