https://www.taxtmi.com/caselaws?id=269144 The Tribunal allowed the appeal of a public charitable and religious institution, holding that accumulation under section 11(1)(a) should be based on gross receipts, excluding amounts applied for charitable purposes. The decision emphasized calculating the accumulation percentage on income before application, aligning with statutory provisions and legal precedents, setting aside the CIT(A)'s order in favor of the assessee. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 09 Dec 2015 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269144 The Tribunal allowed the appeal of a public charitable and religious institution, holding that accumulation under section 11(1)(a) should be based on gross receipts, excluding amounts applied for charitable purposes. The decision emphasized calculating the accumulation percentage on income before application, aligning with statutory provisions and legal precedents, setting aside the CIT(A)'s order in favor of the assessee. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269144