https://www.taxtmi.com/caselaws?id=68750 The Tribunal allowed the assessee's appeals, directing the Assessing Officer to grant exemption for the accumulated income under Section 11(2) of the Income Tax Act. Additionally, the Tribunal canceled the order issued under Section 154 of the Act, as the issue regarding the specificity of the managing council's resolution was deemed debatable and not subject to rectification under Section 154. en-us Fri, 06 Aug 2004 00:00:00 +0530 Fri, 01 Apr 2011 12:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68750 The Tribunal allowed the assessee's appeals, directing the Assessing Officer to grant exemption for the accumulated income under Section 11(2) of the Income Tax Act. Additionally, the Tribunal canceled the order issued under Section 154 of the Act, as the issue regarding the specificity of the managing council's resolution was deemed debatable and not subject to rectification under Section 154. Case-Laws Income Tax Fri, 06 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68750