https://www.taxtmi.com/caselaws?id=26346 The High Court of Madhya Pradesh ruled that the rental income of Rs. 17,414 should not be excluded from the total income of the trust for determining the permissible accumulation limit under section 11(1) of the Income-tax Act, 1961. The Court emphasized that income derived from property held for charitable or religious purposes should be considered for accumulation purposes. Consequently, the Court's decision was against the Revenue, and each party was directed to bear their own costs in the reference. en-us Mon, 28 Jul 1986 00:00:00 +0530 Thu, 04 Feb 2010 13:11:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26346 The High Court of Madhya Pradesh ruled that the rental income of Rs. 17,414 should not be excluded from the total income of the trust for determining the permissible accumulation limit under section 11(1) of the Income-tax Act, 1961. The Court emphasized that income derived from property held for charitable or religious purposes should be considered for accumulation purposes. Consequently, the Court's decision was against the Revenue, and each party was directed to bear their own costs in the reference. Case-Laws Income Tax Mon, 28 Jul 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26346