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    <title>2016 (11) TMI 1313 - KARNATAKA HIGH COURT</title>
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    <description>The court affirmed the Tribunal&#039;s decision, allowing the assessee&#039;s claim for accumulation under Section 11(2) of the Income Tax Act. The court held that the purposes specified in Form No.10 were within the objects of the Trust, and the revised Form No.10 could be accepted during appellate proceedings. The appeals were dismissed, ruling in favor of the assessee and against the Revenue.</description>
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      <description>The court affirmed the Tribunal&#039;s decision, allowing the assessee&#039;s claim for accumulation under Section 11(2) of the Income Tax Act. The court held that the purposes specified in Form No.10 were within the objects of the Trust, and the revised Form No.10 could be accepted during appellate proceedings. The appeals were dismissed, ruling in favor of the assessee and against the Revenue.</description>
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