https://www.taxtmi.com/caselaws?id=10811 The court upheld the decision of the Commissioner of Income-tax (Appeals) and the Tribunal, granting the benefit of Section 11(1)(a) of the Income-tax Act to the assessee, a public charitable trust. It was determined that the assessee had appropriately set apart an amount for charitable purposes, meeting the requirements of Section 11(1)(a) without needing to comply with the notice of accumulation under Section 11(2). The court emphasized that the exemption under Section 11(1)(a) is absolute and not subject to the conditions of Section 11(2), ultimately dismissing the appeals for lack of substantial legal questions. en-us Tue, 07 Sep 2004 00:00:00 +0530 Sat, 25 Jul 2009 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10811 The court upheld the decision of the Commissioner of Income-tax (Appeals) and the Tribunal, granting the benefit of Section 11(1)(a) of the Income-tax Act to the assessee, a public charitable trust. It was determined that the assessee had appropriately set apart an amount for charitable purposes, meeting the requirements of Section 11(1)(a) without needing to comply with the notice of accumulation under Section 11(2). The court emphasized that the exemption under Section 11(1)(a) is absolute and not subject to the conditions of Section 11(2), ultimately dismissing the appeals for lack of substantial legal questions. Case-Laws Income Tax Tue, 07 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10811