https://www.taxtmi.com/caselaws?id=416108 The Tribunal allowed the appeal of the assessee, directing the AO to allow the accumulation under Section 11(1)(a) on the gross receipts as claimed by the assessee. This decision aligns with the precedents set by higher judicial authorities, ensuring that the accumulation is calculated on the gross income before any application of income for charitable purposes. The appeal was thus allowed, and the order was pronounced in the open court on 8th December 2021. en-us Wed, 08 Dec 2021 00:00:00 +0530 Tue, 21 Dec 2021 08:45:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416108 The Tribunal allowed the appeal of the assessee, directing the AO to allow the accumulation under Section 11(1)(a) on the gross receipts as claimed by the assessee. This decision aligns with the precedents set by higher judicial authorities, ensuring that the accumulation is calculated on the gross income before any application of income for charitable purposes. The appeal was thus allowed, and the order was pronounced in the open court on 8th December 2021. Case-Laws Income Tax Wed, 08 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416108