https://www.taxtmi.com/caselaws?id=69381 Under section 11(2) read with Rule 17, accumulated unspent income must be set aside for the purpose of the trust, but Form No. 10 need not specify a purpose beyond the trust's objects. Reproducing the objects of the trust in Form No. 10 was treated as sufficient compliance, because the provision does not require a separate, narrower accumulation purpose outside those objects. The Revenue's objection that the form merely restated the trust objects was rejected, and the accumulation claim was accepted as valid. en-us Thu, 22 Aug 1985 00:00:00 +0530 Wed, 06 Apr 2011 14:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69381 Under section 11(2) read with Rule 17, accumulated unspent income must be set aside for the purpose of the trust, but Form No. 10 need not specify a purpose beyond the trust's objects. Reproducing the objects of the trust in Form No. 10 was treated as sufficient compliance, because the provision does not require a separate, narrower accumulation purpose outside those objects. The Revenue's objection that the form merely restated the trust objects was rejected, and the accumulation claim was accepted as valid. Case-Laws Income Tax Thu, 22 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69381