https://www.taxtmi.com/caselaws?id=393889 The court upheld the ITAT's decision to treat the transferred amount as income of the appellant society, emphasizing the need for specific purposes for accumulation and restrictions on transferring accumulated amounts to other trusts or institutions. The court found no merit in the appellant's arguments and concluded that the ITAT's order was justified. en-us Fri, 20 Mar 2020 00:00:00 +0530 Tue, 24 Mar 2020 13:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393889 The court upheld the ITAT's decision to treat the transferred amount as income of the appellant society, emphasizing the need for specific purposes for accumulation and restrictions on transferring accumulated amounts to other trusts or institutions. The court found no merit in the appellant's arguments and concluded that the ITAT's order was justified. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393889