https://www.taxtmi.com/caselaws?id=401648 The Tribunal concluded that the assessee is entitled to the 15% exemption under Section 11(1)(a) for accumulation. It confirmed that the deficit should be computed after allowing this deduction and permitted the carry forward of the deficit for set off in subsequent years. Consequently, the assessee's appeal was allowed, and the AO was directed to implement the benefits as determined. en-us Thu, 10 Dec 2020 00:00:00 +0530 Tue, 05 Nov 2024 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401648 The Tribunal concluded that the assessee is entitled to the 15% exemption under Section 11(1)(a) for accumulation. It confirmed that the deficit should be computed after allowing this deduction and permitted the carry forward of the deficit for set off in subsequent years. Consequently, the assessee's appeal was allowed, and the AO was directed to implement the benefits as determined. Case-Laws Income Tax Thu, 10 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401648