https://www.taxtmi.com/caselaws?id=203966 The Tribunal upheld the CIT(A)'s decision, rejecting the Revenue's appeal and confirming that the transfer of accumulated funds did not constitute deemed income under section 11(3)(d). The issue of the addition of Rs. 6,80,781 under section 11(3)(b) was remanded to the CIT(A) for further consideration. The appeal of the Revenue was dismissed, and the cross-objection filed by the assessee was allowed for statistical purposes. en-us Fri, 24 Sep 2010 00:00:00 +0530 Mon, 27 Jun 2011 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203966 The Tribunal upheld the CIT(A)'s decision, rejecting the Revenue's appeal and confirming that the transfer of accumulated funds did not constitute deemed income under section 11(3)(d). The issue of the addition of Rs. 6,80,781 under section 11(3)(b) was remanded to the CIT(A) for further consideration. The appeal of the Revenue was dismissed, and the cross-objection filed by the assessee was allowed for statistical purposes. Case-Laws Income Tax Fri, 24 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203966