https://www.taxtmi.com/highlights?id=87719 ITAT affirmed the trust's claim for income accumulation under Section 11(2), finding the AO's rejection unsubstantiated. The tribunal determined that the trust's Form 10 adequately demonstrated the accumulation's alignment with its charitable objectives, specifically targeting women and adolescent girls in underserved communities. The accumulation was deemed consistent with the trust's established purposes. The Revenue's appeal was consequently dismissed, upholding the trust's right to set aside funds for future charitable projects within its defined organizational framework. en-us Thu, 24 Apr 2025 10:57:40 +0530 Thu, 24 Apr 2025 10:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87719 ITAT affirmed the trust's claim for income accumulation under Section 11(2), finding the AO's rejection unsubstantiated. The tribunal determined that the trust's Form 10 adequately demonstrated the accumulation's alignment with its charitable objectives, specifically targeting women and adolescent girls in underserved communities. The accumulation was deemed consistent with the trust's established purposes. The Revenue's appeal was consequently dismissed, upholding the trust's right to set aside funds for future charitable projects within its defined organizational framework. Highlights Income Tax Thu, 24 Apr 2025 10:57:40 +0530 https://www.taxtmi.com/highlights?id=87719