https://www.taxtmi.com/caselaws?id=270701 The Tribunal allowed the appeal, setting aside the CIT(A)'s decision and permitting the accumulation of funds under Section 11(2) as claimed by the Gujarat Chief Minister Relief Fund. The rejection of the application in Form No. 10 was deemed unjustified, with the Tribunal emphasizing that the fund's objects were inherently uncertain, and specificity was not a mandatory requirement under Section 11(2)(a). The Tribunal cited precedent supporting the consistency in accepting such accumulations in previous and subsequent years, leading to the reversal of the addition of Rs. 8,21,58,996 to the fund's income. en-us Wed, 04 Nov 2015 00:00:00 +0530 Wed, 13 Jan 2016 10:07:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270701 The Tribunal allowed the appeal, setting aside the CIT(A)'s decision and permitting the accumulation of funds under Section 11(2) as claimed by the Gujarat Chief Minister Relief Fund. The rejection of the application in Form No. 10 was deemed unjustified, with the Tribunal emphasizing that the fund's objects were inherently uncertain, and specificity was not a mandatory requirement under Section 11(2)(a). The Tribunal cited precedent supporting the consistency in accepting such accumulations in previous and subsequent years, leading to the reversal of the addition of Rs. 8,21,58,996 to the fund's income. Case-Laws Income Tax Wed, 04 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270701