https://www.taxtmi.com/caselaws?id=62687 The Appellate Tribunal ITAT Delhi ruled in favor of the public charitable trust, the assessee, in a case concerning the entitlement to the benefit of s. 11(2) of the IT Act, 1961. The Tribunal held that compliance with s. 11(2)(b) sufficed, considering the delay in filing the application under s. 11(2)(a) as a technical breach deserving of leniency. Furthermore, the Tribunal deemed the rule prescribing a time limit for the application under s. 11(2) as invalid, following a Madras High Court precedent. As a result, the Tribunal allowed the appeal, directing that the accumulated income of Rs. 30,073 should not be assessed as the assessee's income. en-us Mon, 25 Feb 1980 00:00:00 +0530 Fri, 21 Jan 2011 11:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62687 The Appellate Tribunal ITAT Delhi ruled in favor of the public charitable trust, the assessee, in a case concerning the entitlement to the benefit of s. 11(2) of the IT Act, 1961. The Tribunal held that compliance with s. 11(2)(b) sufficed, considering the delay in filing the application under s. 11(2)(a) as a technical breach deserving of leniency. Furthermore, the Tribunal deemed the rule prescribing a time limit for the application under s. 11(2) as invalid, following a Madras High Court precedent. As a result, the Tribunal allowed the appeal, directing that the accumulated income of Rs. 30,073 should not be assessed as the assessee's income. Case-Laws Income Tax Mon, 25 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62687