https://www.taxtmi.com/caselaws?id=63278 The Tribunal set aside the tax authorities' orders and directed the AO to accept the assessee's request for accumulation under Section 11(2) of the IT Act. The Tribunal found the purposes specified in Form No. 10 to be concrete and specific, contrary to the AO's rejection. The judgment of the Calcutta High Court was deemed inapplicable, relying instead on the Third Member decision in the case of Sir Sobha Singh Public Charitable Trust. The Tribunal did not address the alternative claim for exemption under Section 10(22). en-us Wed, 29 Jan 2003 00:00:00 +0530 Fri, 28 Jan 2011 18:28:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63278 The Tribunal set aside the tax authorities' orders and directed the AO to accept the assessee's request for accumulation under Section 11(2) of the IT Act. The Tribunal found the purposes specified in Form No. 10 to be concrete and specific, contrary to the AO's rejection. The judgment of the Calcutta High Court was deemed inapplicable, relying instead on the Third Member decision in the case of Sir Sobha Singh Public Charitable Trust. The Tribunal did not address the alternative claim for exemption under Section 10(22). Case-Laws Income Tax Wed, 29 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63278