https://www.taxtmi.com/caselaws?id=417129 The Tribunal upheld the CIT(A)'s decision that the accumulation of income under Section 11(1)(a) should be calculated on gross receipts, not net income. The appeal by the Revenue was dismissed, with the Tribunal finding no reason to interfere with the CIT(A)'s order. en-us Wed, 12 Jan 2022 00:00:00 +0530 Fri, 14 Jan 2022 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417129 The Tribunal upheld the CIT(A)'s decision that the accumulation of income under Section 11(1)(a) should be calculated on gross receipts, not net income. The appeal by the Revenue was dismissed, with the Tribunal finding no reason to interfere with the CIT(A)'s order. Case-Laws Income Tax Wed, 12 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417129