TMI Blog2007 (5) TMI 88X X X X Extracts X X X X X X X X Extracts X X X X ..... before the statutory authorities was whether the Assessee was entitled to the benefit of accumulation under Section 11(2) of the Income Tax Act, 1961. 3. The Assessee is a Society registered under Section 12-A of the Act. ? 4. Learned counsel for the Assessee has placed before us the objects of the Society which he says were before the Assessing Officer. The objects are taken on record. 5. On a perusal of the objects of the Society, we find that these include following:- "(i)To develop health resources particularly in respect of children belonging to the vulnerable segments of the population; (ii)To educate the people especially the mothers regarding maintenance and improvement of health and nutrition of Children; (iii) To ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Assessee and denied the benefit of accumulation. However, the Tribunal accepted the contention of the Assessee and gave it the benefit of accumulation in view of the judgment of this Court in Commissioner of Income Tax vs. Hotel and Restaurant Association [2003] 261 ITR 190. 9. In that decision, the contention of learned counsel for the Revenue was to the effect that the appellate authorities under the Act had failed to appreciate that in the prescribed form, the Assessee did not indicate the specific purpose for which the income was sought to be accumulated and, therefore, the statutory requirement had not been strictly complied with disentitling the Assessee from relief under Section 11(2) of the Act. This Court rejected the con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hrough the annual report for year 1996-97 that the on-going projects were as follows:- {1) An integrated programme for adolescent girl of urban slums towards woman empowerment. {2) Entrepreneurship development programme for adolescent girls/youth and women. {3) Reproductive child health approach to woman and child in urban poor scenario {4) HIV/STD prevention {5) Community based approach to combat under nutrition in infants and children in an urban poor community. 13. A perusal of the annual report as well as the overview of these projects clearly shows that the projects were in consonance with the objectives sought to be achieved by the Assessee, which were for the benefit of women and adolescent girls particularly in the slu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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