https://www.taxtmi.com/caselaws?id=220437 The High Court upheld the denial of Section 11 benefits for profit accumulation to a charitable institution due to the failure to furnish Form No.10 before assessment completion. Despite the appellant's claims of filing the form, the lack of concrete evidence rendered their contentions untenable. Relying on legal precedents emphasizing the mandatory nature of filing Form No.10 to claim benefits under Section 11, the Court ruled against the appellant, affirming the denial of exemption and dismissing both appeals in favor of the revenue. en-us Wed, 07 Nov 2012 00:00:00 +0530 Thu, 24 Jan 2013 07:22:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220437 The High Court upheld the denial of Section 11 benefits for profit accumulation to a charitable institution due to the failure to furnish Form No.10 before assessment completion. Despite the appellant's claims of filing the form, the lack of concrete evidence rendered their contentions untenable. Relying on legal precedents emphasizing the mandatory nature of filing Form No.10 to claim benefits under Section 11, the Court ruled against the appellant, affirming the denial of exemption and dismissing both appeals in favor of the revenue. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220437