https://www.taxtmi.com/caselaws?id=412859 The tribunal held that Section 11(3) applied to the surplus accumulated in FY 2003-04, permitting utilization until FY 2009-10. As the appellant utilized the surplus in FY 2009-10, the addition of Rs. 4,39,07,729 was removed. The appeal was allowed, and the AO and CIT(A) orders were deemed incorrect. en-us Thu, 23 Sep 2021 00:00:00 +0530 Wed, 29 Sep 2021 11:03:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412859 The tribunal held that Section 11(3) applied to the surplus accumulated in FY 2003-04, permitting utilization until FY 2009-10. As the appellant utilized the surplus in FY 2009-10, the addition of Rs. 4,39,07,729 was removed. The appeal was allowed, and the AO and CIT(A) orders were deemed incorrect. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412859