https://www.taxtmi.com/caselaws?id=266228 The Appellate Tribunal set aside the Commissioner of Income Tax (Appeals) order and directed a reconsideration of the assessment for a charitable trust regarding income accumulation under section 11 of the Income Tax Act, 1961. The Tribunal instructed the Commissioner to review the matter in line with a previous decision, emphasizing that accumulation should not exceed actual receipts unless proven otherwise by the trust. The appeal by the trust was treated as allowed for statistical purposes, and the case was dismissed in open court. en-us Fri, 15 May 2015 00:00:00 +0530 Mon, 19 Oct 2015 07:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266228 The Appellate Tribunal set aside the Commissioner of Income Tax (Appeals) order and directed a reconsideration of the assessment for a charitable trust regarding income accumulation under section 11 of the Income Tax Act, 1961. The Tribunal instructed the Commissioner to review the matter in line with a previous decision, emphasizing that accumulation should not exceed actual receipts unless proven otherwise by the trust. The appeal by the trust was treated as allowed for statistical purposes, and the case was dismissed in open court. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266228