https://www.taxtmi.com/caselaws?id=13508 The Income-tax Appellate Tribunal allowed the appeal and granted registration to the assessee under section 11(2) of the Income-tax Act, 1961. The Tribunal found that the accumulated amount was legitimately spent on purchasing land for a school, supported by specific transactions and relevant documents. Despite the Assessing Officer's rejection based on timing, the Tribunal deemed the accumulation for a charitable purpose justified, in line with the trust's objectives. Emphasizing the genuine utilization of funds for charity, the Tribunal dismissed the appeal, stating no substantial legal question arose for consideration. en-us Wed, 22 Mar 2006 00:00:00 +0530 Mon, 06 Jun 2016 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13508 The Income-tax Appellate Tribunal allowed the appeal and granted registration to the assessee under section 11(2) of the Income-tax Act, 1961. The Tribunal found that the accumulated amount was legitimately spent on purchasing land for a school, supported by specific transactions and relevant documents. Despite the Assessing Officer's rejection based on timing, the Tribunal deemed the accumulation for a charitable purpose justified, in line with the trust's objectives. Emphasizing the genuine utilization of funds for charity, the Tribunal dismissed the appeal, stating no substantial legal question arose for consideration. Case-Laws Income Tax Wed, 22 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13508