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2016 (11) TMI 1313 - HC - Income TaxEligibility to claim accumulation under section 11(2) - Revenue contended that unless there is a specific purpose mentioned in Form No.10, the language ‘for general purpose’ would not permit the assessee to claim the benefit under Section 11(2) - revised Form No.10 filled - continuous proceeding Held that:- In the present case Form No.10 was already filed and the Revised Form No.10 filed for sub-head of the purposes falling under the main head of the objects of the Trust, was accepted by the Commissioner (Appeals) in the proceedings of the appeal. If the matter is considered in light of the above referred decision in the case of Mayur Foundation [2004 (12) TMI 48 - GUJARAT High Court ] and is considered that the appeal is a continuous proceeding, it cannot be said that the CIT (Appeals) had no authority to accept Revised Form No.10 nor can it be said that Revised Form No.10 could not at all be considered for allowing the claim made under Section 11(2) of the Act. In view of the aforesaid, we find that the Tribunal was right in allowing the claim of the assessee under Section 11(2) of the Act. Hence, the question is answered in the affirmative in favour of the assessee
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