https://www.taxtmi.com/caselaws?id=297939 The ITAT upheld the CIT(A)'s decision in favor of the assessee, dismissing the revenue's appeal regarding the accumulation under sections 11(1)(a) and 11(2) of the Income Tax Act, 1961. The ITAT emphasized the importance of consistency in tax assessments, citing a previous decision in favor of the assessee and stating that there were no material changes in the facts compared to previous years. The ITAT concluded that the assessee was entitled to the deduction under the relevant sections, affirming the CIT(A)'s decision. en-us Wed, 26 Jun 2019 00:00:00 +0530 Fri, 01 Oct 2021 08:32:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297939 The ITAT upheld the CIT(A)'s decision in favor of the assessee, dismissing the revenue's appeal regarding the accumulation under sections 11(1)(a) and 11(2) of the Income Tax Act, 1961. The ITAT emphasized the importance of consistency in tax assessments, citing a previous decision in favor of the assessee and stating that there were no material changes in the facts compared to previous years. The ITAT concluded that the assessee was entitled to the deduction under the relevant sections, affirming the CIT(A)'s decision. Case-Laws Income Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297939