https://www.taxtmi.com/caselaws?id=393650 The appeal by C.N.N. Educational Trust against the denial of tax exemption under Section 11 of the Income Tax Act, 1961 was dismissed by the Tribunal due to non-compliance with statutory requirements for accumulation of income and setting apart for charitable purposes. The Tribunal emphasized the need for specificity in specifying the purpose and period for accumulation, leading to the rejection of the appeal. The High Court ordered a remand to the Income Tax Appellate Tribunal for re-examination, directing a thorough review of the evidence and documentation provided by the Trust for the accumulation of funds for charitable purposes. en-us Thu, 12 Mar 2020 00:00:00 +0530 Tue, 17 Nov 2020 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393650 The appeal by C.N.N. Educational Trust against the denial of tax exemption under Section 11 of the Income Tax Act, 1961 was dismissed by the Tribunal due to non-compliance with statutory requirements for accumulation of income and setting apart for charitable purposes. The Tribunal emphasized the need for specificity in specifying the purpose and period for accumulation, leading to the rejection of the appeal. The High Court ordered a remand to the Income Tax Appellate Tribunal for re-examination, directing a thorough review of the evidence and documentation provided by the Trust for the accumulation of funds for charitable purposes. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393650