https://www.taxtmi.com/caselaws?id=262359 The Court allowed the appeal, finding the decision to refuse accumulation under section 11(2) as perverse. The trust had specified a particular charitable object for accumulation, meeting the legal requirements. The Court held that the trust should have been granted exemption under section 11, overturning the decisions of the assessing officer, CIT(Appeal), and Tribunal. en-us Fri, 17 Jul 2015 00:00:00 +0530 Sat, 08 Aug 2015 06:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262359 The Court allowed the appeal, finding the decision to refuse accumulation under section 11(2) as perverse. The trust had specified a particular charitable object for accumulation, meeting the legal requirements. The Court held that the trust should have been granted exemption under section 11, overturning the decisions of the assessing officer, CIT(Appeal), and Tribunal. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262359