https://www.taxtmi.com/caselaws?id=328586 The Tribunal allowed the appeal, granting the assessee-trust the benefit of accumulation under Section 11(2) for Rs. 1,89,10,525/-. The decision emphasized substantial justice over technicalities, recognizing the trust's hospital project as a valid basis for accumulation. The issue of the Rs. 2 Crores as a capital receipt remains unresolved, with the Tribunal focusing on broader exemption eligibility. The appeal was allowed, overturning the decisions of the CIT(A) and AO. en-us Tue, 31 May 2016 00:00:00 +0530 Wed, 08 Jun 2016 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328586 The Tribunal allowed the appeal, granting the assessee-trust the benefit of accumulation under Section 11(2) for Rs. 1,89,10,525/-. The decision emphasized substantial justice over technicalities, recognizing the trust's hospital project as a valid basis for accumulation. The issue of the Rs. 2 Crores as a capital receipt remains unresolved, with the Tribunal focusing on broader exemption eligibility. The appeal was allowed, overturning the decisions of the CIT(A) and AO. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328586