https://www.taxtmi.com/caselaws?id=776910 ITAT CHENNAI allowed the assessee's appeal, holding that denial of accumulation under s.11(2) was improper where Form No.10, though uploaded late, had been filed along with the return of income within the due date under s.139(1) and was re-uploaded subsequently. The tribunal found CIT(A) misdirected on an issue not raised by CPC, and following HC precedent that delayed filing of Form No.10 should not automatically disentitle a trust to s.11 relief, directed CPC/AO to permit the claimed accumulation of income. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 30 May 2026 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776910 ITAT CHENNAI allowed the assessee's appeal, holding that denial of accumulation under s.11(2) was improper where Form No.10, though uploaded late, had been filed along with the return of income within the due date under s.139(1) and was re-uploaded subsequently. The tribunal found CIT(A) misdirected on an issue not raised by CPC, and following HC precedent that delayed filing of Form No.10 should not automatically disentitle a trust to s.11 relief, directed CPC/AO to permit the claimed accumulation of income. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776910