https://www.taxtmi.com/caselaws?id=77103 The court concluded that the explanation appended to Section 11(2) of the Income Tax Act, 1961, applies only to Section 11(2) and not Section 11(1)(a). The donation made by the Assessee Trust to another trust out of accumulated income was found to be valid and not includable in the total income. The court upheld the lower authorities' findings that the donation was made from free reserves and income for the year, not from accumulations under Section 11(1)(a). The appeal was dismissed, and no costs were awarded. en-us Fri, 02 Jul 2010 00:00:00 +0530 Thu, 14 Jun 2012 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77103 The court concluded that the explanation appended to Section 11(2) of the Income Tax Act, 1961, applies only to Section 11(2) and not Section 11(1)(a). The donation made by the Assessee Trust to another trust out of accumulated income was found to be valid and not includable in the total income. The court upheld the lower authorities' findings that the donation was made from free reserves and income for the year, not from accumulations under Section 11(1)(a). The appeal was dismissed, and no costs were awarded. Case-Laws Income Tax Fri, 02 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77103