https://www.taxtmi.com/caselaws?id=375811 The court held that the requirement of filing Form 10 for accumulation under Section 11(2) of the Income Tax Act, 1961, was deemed directory, not mandatory. It was established that substantial compliance with providing relevant information, such as the Board Resolution, supported the claim for accumulation. The court dismissed the appeal by the Commissioner of Income Tax, Chennai, in favor of the Charitable Trust, emphasizing that the availability of the necessary information at the time of assessment sufficed to fulfill the requirements of Section 11(2) for exemption. en-us Wed, 12 Dec 2018 00:00:00 +0530 Tue, 26 Feb 2019 07:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375811 The court held that the requirement of filing Form 10 for accumulation under Section 11(2) of the Income Tax Act, 1961, was deemed directory, not mandatory. It was established that substantial compliance with providing relevant information, such as the Board Resolution, supported the claim for accumulation. The court dismissed the appeal by the Commissioner of Income Tax, Chennai, in favor of the Charitable Trust, emphasizing that the availability of the necessary information at the time of assessment sufficed to fulfill the requirements of Section 11(2) for exemption. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375811