https://www.taxtmi.com/caselaws?id=3921 The High Court ruled in favor of the charitable trust, allowing the accumulation of income for its three specified charitable purposes without the need for further specific details. The Court held that as long as the accumulation was intended for the trust's objects, detailed specification beyond the trust's purposes was not mandatory, distinguishing its decision from judgments of other High Courts. The trust's resolution and application specifying the three charitable purposes were deemed sufficient for compliance with Section 11(2) of the Income Tax Act, 1961. en-us Thu, 11 Jan 2007 00:00:00 +0530 Sat, 26 Jul 2008 19:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3921 The High Court ruled in favor of the charitable trust, allowing the accumulation of income for its three specified charitable purposes without the need for further specific details. The Court held that as long as the accumulation was intended for the trust's objects, detailed specification beyond the trust's purposes was not mandatory, distinguishing its decision from judgments of other High Courts. The trust's resolution and application specifying the three charitable purposes were deemed sufficient for compliance with Section 11(2) of the Income Tax Act, 1961. Case-Laws Income Tax Thu, 11 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3921