https://www.taxtmi.com/caselaws?id=779019 HC held that the petitioner had adequately manifested an intention to accumulate income under s.11(2) by timely filing the return and Form 10B, and that technical glitches in the first year of electronic filing, coupled with CBDT Circular empowering condonation, justified excusing the procedural delay in submitting Form 10. Because the accumulated sum was applied to charitable purposes within the statutory period and the trust's activities were genuine, the court quashed the impugned order and condoned the delay in filing Form 10, restoring entitlement to accumulation relief. en-us Mon, 22 Sep 2025 00:00:00 +0530 Fri, 26 Sep 2025 08:26:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779019 HC held that the petitioner had adequately manifested an intention to accumulate income under s.11(2) by timely filing the return and Form 10B, and that technical glitches in the first year of electronic filing, coupled with CBDT Circular empowering condonation, justified excusing the procedural delay in submitting Form 10. Because the accumulated sum was applied to charitable purposes within the statutory period and the trust's activities were genuine, the court quashed the impugned order and condoned the delay in filing Form 10, restoring entitlement to accumulation relief. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779019