https://www.taxtmi.com/caselaws?id=270777 The Tribunal allowed the assessee's appeal for Assessment Year 2011-12, directing the AO to allow the accumulation of income at 15% of the gross receipts under Section 11(1)(a) and to recompute the accumulation under Section 11(2) accordingly. The grounds related to the addition of income from the sale of the vehicle and other general grounds were dismissed as infructuous. en-us Fri, 23 Oct 2015 00:00:00 +0530 Thu, 14 Jan 2016 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270777 The Tribunal allowed the assessee's appeal for Assessment Year 2011-12, directing the AO to allow the accumulation of income at 15% of the gross receipts under Section 11(1)(a) and to recompute the accumulation under Section 11(2) accordingly. The grounds related to the addition of income from the sale of the vehicle and other general grounds were dismissed as infructuous. Case-Laws Income Tax Fri, 23 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270777