https://www.taxtmi.com/caselaws?id=270195 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee, allowing the accumulation of income for the assessment year 2008-09. The decision emphasized the importance of aligning the accumulation purpose with the trust's objectives and complying with legal requirements. The judgment highlighted that timely submission of relevant information should prevent disallowance under section 11 of the Income-tax Act, ultimately supporting the trust's charitable nature and proper utilization of accumulated funds. en-us Wed, 23 Sep 2015 00:00:00 +0530 Thu, 31 Dec 2015 12:34:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270195 The Appellate Tribunal ITAT Hyderabad ruled in favor of the assessee, allowing the accumulation of income for the assessment year 2008-09. The decision emphasized the importance of aligning the accumulation purpose with the trust's objectives and complying with legal requirements. The judgment highlighted that timely submission of relevant information should prevent disallowance under section 11 of the Income-tax Act, ultimately supporting the trust's charitable nature and proper utilization of accumulated funds. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270195