https://www.taxtmi.com/caselaws?id=263460 The tribunal allowed the appeal, directing the Assessing Officer to exclude the period managed by the court-appointed receiver from the ten-year accumulation period under Section 11(2)(a). The tribunal emphasized verifying the investment of accumulated funds as per Section 11(5) and considering the court order's impact on the trust's compliance with the Income Tax Act provisions. The CIT(A)'s order was set aside, remanding the matter for fresh consideration in light of the court's findings. en-us Mon, 31 Aug 2015 00:00:00 +0530 Thu, 03 Sep 2015 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263460 The tribunal allowed the appeal, directing the Assessing Officer to exclude the period managed by the court-appointed receiver from the ten-year accumulation period under Section 11(2)(a). The tribunal emphasized verifying the investment of accumulated funds as per Section 11(5) and considering the court order's impact on the trust's compliance with the Income Tax Act provisions. The CIT(A)'s order was set aside, remanding the matter for fresh consideration in light of the court's findings. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263460