https://www.taxtmi.com/caselaws?id=69271 The appeal involved the assessment of income for the year 1974-75 as an Association of Persons. The Income Tax Officer considered an unspent balance taxable due to a belated filing of Form No. 10, but the Assistant Commissioner disagreed, stating the deposits in any bank satisfied conditions under section 11(2) (b) (ii), and the form filing was not delayed. The Tribunal ruled that the filing of Form No. 10 on 28th Nov., 1974, was timely, disregarding conflicting rules. It also confirmed the deposit in a bank met requirements for tax exemption, directing the Income Tax Officer to grant exemption if other conditions were met, ultimately dismissing the Revenue's appeal. en-us Thu, 10 May 1979 00:00:00 +0530 Wed, 06 Apr 2011 10:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69271 The appeal involved the assessment of income for the year 1974-75 as an Association of Persons. The Income Tax Officer considered an unspent balance taxable due to a belated filing of Form No. 10, but the Assistant Commissioner disagreed, stating the deposits in any bank satisfied conditions under section 11(2) (b) (ii), and the form filing was not delayed. The Tribunal ruled that the filing of Form No. 10 on 28th Nov., 1974, was timely, disregarding conflicting rules. It also confirmed the deposit in a bank met requirements for tax exemption, directing the Income Tax Officer to grant exemption if other conditions were met, ultimately dismissing the Revenue's appeal. Case-Laws Income Tax Thu, 10 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69271