https://www.taxtmi.com/caselaws?id=389979 The tribunal partially allowed the appellant's appeal concerning the disallowance of accumulation claim under section 11(2) and exemption claim under section 10(23C)(iiiad). The tribunal upheld the disallowance of the accumulation claim under section 11(2) due to discrepancies in the society's resolution and failure to exercise the option as required by Rule 17. However, the tribunal directed the Assessing Officer to grant the exemption under section 10(23C) based on the appellant being classified as a regulatory commission rather than an educational institution, following a judgment of the Delhi High Court. en-us Tue, 17 Dec 2019 00:00:00 +0530 Fri, 20 Dec 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389979 The tribunal partially allowed the appellant's appeal concerning the disallowance of accumulation claim under section 11(2) and exemption claim under section 10(23C)(iiiad). The tribunal upheld the disallowance of the accumulation claim under section 11(2) due to discrepancies in the society's resolution and failure to exercise the option as required by Rule 17. However, the tribunal directed the Assessing Officer to grant the exemption under section 10(23C) based on the appellant being classified as a regulatory commission rather than an educational institution, following a judgment of the Delhi High Court. Case-Laws Income Tax Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389979