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1985 (8) TMI 138 - AT - Income TaxExtract: .......spent portion of the income of the trust can be accumulated for the purpose of the trust. It is clear that the assessee has specified this requirement by enumerating in Form No. 10 the various objects of the trust. Accumulation is therefore only for the purpose of the trust and is permissible under s. 11 (2). 4. The appeal is, therefore, dismissed.
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