https://www.taxtmi.com/caselaws?id=759480 The ITAT Hyderabad set aside the CIT (A)'s order regarding the Trust's income assessment, emphasizing the necessity of filing Form 10 for income accumulation under section 11(2) of the Income Tax Act, 1961. The Tribunal directed the Assessing Officer to reconsider the case after addressing the condonation of delay application, allowing the appeal for statistical purposes and underscoring the Trust's public welfare objectives. en-us Wed, 04 Sep 2024 00:00:00 +0530 Thu, 03 Oct 2024 07:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759480 The ITAT Hyderabad set aside the CIT (A)'s order regarding the Trust's income assessment, emphasizing the necessity of filing Form 10 for income accumulation under section 11(2) of the Income Tax Act, 1961. The Tribunal directed the Assessing Officer to reconsider the case after addressing the condonation of delay application, allowing the appeal for statistical purposes and underscoring the Trust's public welfare objectives. Case-Laws Income Tax Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759480