https://www.taxtmi.com/caselaws?id=434504 The Tribunal upheld the CIT(A)'s decision to allow the claim under section 11(2) of the Income Tax Act during reassessment proceedings initiated under section 148. The Tribunal found that the assessee could benefit from section 11(2) during such proceedings. Additionally, the Tribunal upheld the CIT(A)'s ruling that the filing of Form No. 10 and the resolution by the trustees could be done during reassessment proceedings, relying on relevant case law. The Tribunal also agreed with the CIT(A) that the resolution to accumulate funds passed after the assessment was reopened was permissible under section 11(2). The Revenue's appeal was dismissed. en-us Thu, 23 Feb 2023 00:00:00 +0530 Fri, 24 Feb 2023 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434504 The Tribunal upheld the CIT(A)'s decision to allow the claim under section 11(2) of the Income Tax Act during reassessment proceedings initiated under section 148. The Tribunal found that the assessee could benefit from section 11(2) during such proceedings. Additionally, the Tribunal upheld the CIT(A)'s ruling that the filing of Form No. 10 and the resolution by the trustees could be done during reassessment proceedings, relying on relevant case law. The Tribunal also agreed with the CIT(A) that the resolution to accumulate funds passed after the assessment was reopened was permissible under section 11(2). The Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434504