Revenue Authorities Should Have Accepted Assessee's Accumulation Claim u/s 11 Despite Omission in Form-10 Purpose.

Revenue Authorities Should Have Accepted Assessee's Accumulation Claim u/s 11 Despite Omission in Form-10 Purpose. https://www.taxtmi.com/highlights?id=53825 Exemption u/s 11 - The claim of assessee for accumulation ought to have been accepted by the revenue authorities. Even in the order of assessment the AO has accepted that Form-10 was filed by the assessee and the only grievance was that the purpose for accumulation was not mentioned. - No additions. en-us Wed, 24 Jun 2020 11:16:32 +0530 Wed, 24 Jun 2020 11:16:32 +0530 TaxTMI RSS Generator Revenue Authorities Should Have Accepted Assessee's Accumulation Claim u/s 11 Despite Omission in Form-10 Purpose. https://www.taxtmi.com/highlights?id=53825 Exemption u/s 11 - The claim of assessee for accumulation ought to have been accepted by the revenue authorities. Even in the order of assessment the AO has accepted that Form-10 was filed by the assessee and the only grievance was that the purpose for accumulation was not mentioned. - No additions. Highlights Income Tax Wed, 24 Jun 2020 11:16:32 +0530 https://www.taxtmi.com/highlights?id=53825