https://www.taxtmi.com/caselaws?id=68842 The Tribunal dismissed the department's appeal against the assessee-trust, affirming the AAC's decision in favor of the trust for the assessment year 1973-74. The Tribunal held that the assessee-trust was entitled to exemption under section 11 independently of the actions of the author-trusts, emphasizing the trust's compliance with accumulation conditions and eligibility for exemption. The judgment highlighted the trust's right to accumulate income despite objections from the department based on the accumulation history of the author-trusts. en-us Wed, 06 Jan 1982 00:00:00 +0530 Sat, 02 Apr 2011 10:33:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68842 The Tribunal dismissed the department's appeal against the assessee-trust, affirming the AAC's decision in favor of the trust for the assessment year 1973-74. The Tribunal held that the assessee-trust was entitled to exemption under section 11 independently of the actions of the author-trusts, emphasizing the trust's compliance with accumulation conditions and eligibility for exemption. The judgment highlighted the trust's right to accumulate income despite objections from the department based on the accumulation history of the author-trusts. Case-Laws Income Tax Wed, 06 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68842