https://www.taxtmi.com/caselaws?id=5641 Income of a charitable trust used to acquire a building for a hospital remained exempt under section 11(1)(a) because it was applied to charitable purposes in India. The statutory accumulation permitted under section 11(1)(a) also continued to qualify for exemption, and non-compliance with the additional conditions in section 11(2) did not defeat exemption for amounts already applied or for accumulation within the prescribed limit. On the stated facts, the amount applied for the hospital building and the balance income within the allowable accumulation limit were both exempt. en-us Wed, 04 Feb 1998 00:00:00 +0530 Sat, 11 Oct 2025 08:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5641 Income of a charitable trust used to acquire a building for a hospital remained exempt under section 11(1)(a) because it was applied to charitable purposes in India. The statutory accumulation permitted under section 11(1)(a) also continued to qualify for exemption, and non-compliance with the additional conditions in section 11(2) did not defeat exemption for amounts already applied or for accumulation within the prescribed limit. On the stated facts, the amount applied for the hospital building and the balance income within the allowable accumulation limit were both exempt. Case-Laws Income Tax Wed, 04 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5641