https://www.taxtmi.com/caselaws?id=11910 The dominant issue was whether a charitable entity registered under s. 12A could claim exemption under s. 11(1)(b) by accumulating income, and whether the accumulation satisfied the requirement of specifying the purpose under s. 11(2). The HC held that while a specific purpose must be stated, it must fall within the entity's charitable objects; multiple purposes are permissible depending on the intended accumulation. Since the lower appellate authorities concurrently found that the accumulation was for achieving the entity's incorporated charitable objects, and the Revenue did not dispute the charitable nature of those objects, the Tribunal's conclusion was treated as a factual finding raising no substantial question of law; the appeal was dismissed. en-us Mon, 10 Mar 2003 00:00:00 +0530 Fri, 26 Dec 2025 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11910 The dominant issue was whether a charitable entity registered under s. 12A could claim exemption under s. 11(1)(b) by accumulating income, and whether the accumulation satisfied the requirement of specifying the purpose under s. 11(2). The HC held that while a specific purpose must be stated, it must fall within the entity's charitable objects; multiple purposes are permissible depending on the intended accumulation. Since the lower appellate authorities concurrently found that the accumulation was for achieving the entity's incorporated charitable objects, and the Revenue did not dispute the charitable nature of those objects, the Tribunal's conclusion was treated as a factual finding raising no substantial question of law; the appeal was dismissed. Case-Laws Income Tax Mon, 10 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11910