https://www.taxtmi.com/caselaws?id=207750 The appellant's contentions regarding the notice under section 143(2) and the treatment of receipts by Mandi Parishad were dismissed, with the ITAT ruling against the appellant on these grounds. However, the appellant succeeded in arguing for the deduction for accumulation of income under section 11(1)(a), with the ITAT agreeing that the deduction should be based on gross receipts rather than net income. The ITAT allowed the appeal on this issue, applying its findings from a previous case to partially allow the appeals in this matter. en-us Mon, 07 Jun 2010 00:00:00 +0530 Thu, 16 Jun 2016 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207750 The appellant's contentions regarding the notice under section 143(2) and the treatment of receipts by Mandi Parishad were dismissed, with the ITAT ruling against the appellant on these grounds. However, the appellant succeeded in arguing for the deduction for accumulation of income under section 11(1)(a), with the ITAT agreeing that the deduction should be based on gross receipts rather than net income. The ITAT allowed the appeal on this issue, applying its findings from a previous case to partially allow the appeals in this matter. Case-Laws Income Tax Mon, 07 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207750