https://www.taxtmi.com/caselaws?id=773824 ITAT Ahmedabad dismissed Revenue's appeal regarding denial of exemption under Section 11. The Trust had made fixed deposits with bank in specified mode, but original audit report Form No. 10 contained typographical error. Trust filed revised Form No. 10 on 01-07-2023 rectifying the error. Tribunal held revised Form No. 10 should be considered for determining accumulated funds under Section 11(2) and Board resolution for investment complied with Section 11(5) requirements since amount was deposited in bank fixed deposits. en-us Thu, 26 Jun 2025 00:00:00 +0530 Sat, 28 Jun 2025 08:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773824 ITAT Ahmedabad dismissed Revenue's appeal regarding denial of exemption under Section 11. The Trust had made fixed deposits with bank in specified mode, but original audit report Form No. 10 contained typographical error. Trust filed revised Form No. 10 on 01-07-2023 rectifying the error. Tribunal held revised Form No. 10 should be considered for determining accumulated funds under Section 11(2) and Board resolution for investment complied with Section 11(5) requirements since amount was deposited in bank fixed deposits. Case-Laws Income Tax Thu, 26 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773824