https://www.taxtmi.com/caselaws?id=378318 The Tribunal dismissed the appeal, upholding decisions of lower authorities. It confirmed that trusts claiming exemption under section 11 cannot avail standard deduction under section 24(a). Actual repairs and maintenance expenses should be allowed as an application of income, and accumulation of income under section 11(2) must adhere to legislative intent and specified conditions. en-us Fri, 29 Mar 2019 00:00:00 +0530 Fri, 12 Apr 2019 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378318 The Tribunal dismissed the appeal, upholding decisions of lower authorities. It confirmed that trusts claiming exemption under section 11 cannot avail standard deduction under section 24(a). Actual repairs and maintenance expenses should be allowed as an application of income, and accumulation of income under section 11(2) must adhere to legislative intent and specified conditions. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378318