https://www.taxtmi.com/caselaws?id=268802 The Tribunal allowed the appeal, directing that accumulation under Section 11(1)(a) of the Income Tax Act should be based on gross receipts rather than net receipts. The decision was supported by previous case law and the statutory language of the Act. The order was pronounced on 9th October 2015, granting the assessee's claim for accumulation of income. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 02 Dec 2015 02:14:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268802 The Tribunal allowed the appeal, directing that accumulation under Section 11(1)(a) of the Income Tax Act should be based on gross receipts rather than net receipts. The decision was supported by previous case law and the statutory language of the Act. The order was pronounced on 9th October 2015, granting the assessee's claim for accumulation of income. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268802