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2017 (8) TMI 954 - AT - Income TaxAdditional accumulation of income u/s. 11(2)(a) - failure to produce any documentary proof for expenditure of ₹ 21 lacs on specific purpose of research activity for which it has been accumulated - Held that:- The matter requires verification of the contentions raised by the assessee before the revenue authorities as well as before me i.e. about the utilization of accumulated income in dispute for the purpose of establishing its plea before the AO and AO is at liberty to decide the issue in dispute, after verification of the same, as per law after giving adequate opportunity of being heard to the assessee.
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