https://www.taxtmi.com/caselaws?id=35379 The Court set aside the Income Tax Appellate Tribunal's order and remitted the matter back to the assessing officer for proper consideration, emphasizing the importance of clarity in specifying purposes for accumulation of income under Section 11(2) of the Income Tax Act. The Court highlighted the necessity of clear purpose specification in Form 10, aligning with previous precedents. The case was disposed of accordingly, with the connected miscellaneous petition closed. en-us Mon, 14 Dec 2009 00:00:00 +0530 Thu, 25 Feb 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35379 The Court set aside the Income Tax Appellate Tribunal's order and remitted the matter back to the assessing officer for proper consideration, emphasizing the importance of clarity in specifying purposes for accumulation of income under Section 11(2) of the Income Tax Act. The Court highlighted the necessity of clear purpose specification in Form 10, aligning with previous precedents. The case was disposed of accordingly, with the connected miscellaneous petition closed. Case-Laws Income Tax Mon, 14 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35379