TMI BlogExemption u/s 11 - Use of accumulated income for different purpose - Treating the amount given to...Exemption u/s 11 - Use of accumulated income for different purpose - Treating the amount given to PSWHMMS as the income of the appellant-society in terms of section 11(3)(d) - The argument raised that since there is a restriction only for payment or credit of accumulated amount to a registered Trust or institution recognized under the Act and it would mean that payment can be made to un-registered Trust, institution or to institutions or Trusts not even recognized by the Act as charitable is far..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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