https://www.taxtmi.com/caselaws?id=208083 The Tribunal allowed the appeals in ITA Nos. 675, 676, and 677/Luck/2010, setting aside the CIT(A)'s order and directing the AO to permit the appellant's claim for accumulation under section 11(1)(a). The Tribunal found the provisions of section 11(2) inapplicable as the appellant had met the requirements of section 11(1)(a) by utilizing more than 85% of its income for charitable purposes, thus justifying the accumulation. en-us Tue, 15 Feb 2011 00:00:00 +0530 Wed, 04 Jan 2012 08:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208083 The Tribunal allowed the appeals in ITA Nos. 675, 676, and 677/Luck/2010, setting aside the CIT(A)'s order and directing the AO to permit the appellant's claim for accumulation under section 11(1)(a). The Tribunal found the provisions of section 11(2) inapplicable as the appellant had met the requirements of section 11(1)(a) by utilizing more than 85% of its income for charitable purposes, thus justifying the accumulation. Case-Laws Income Tax Tue, 15 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208083