https://www.taxtmi.com/caselaws?id=779134 ITAT remanded the matter to the AO, directing verification of a certified Board resolution (dated 20/09/2016) and subsequent utilization of accumulated funds (INR 62,28,989) for scholarships/educational purposes. The Tribunal held that vagueness in Form 10's stated purpose of accumulation is not fatal; the trust is entitled to Section 11(2) benefits to the extent the accumulated amount was applied for the declared educational objective. The AO was ordered to delete disallowance corresponding to amounts so utilized. Appeal allowed for statistical purposes. en-us Wed, 10 Sep 2025 00:00:00 +0530 Mon, 29 Sep 2025 08:27:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779134 ITAT remanded the matter to the AO, directing verification of a certified Board resolution (dated 20/09/2016) and subsequent utilization of accumulated funds (INR 62,28,989) for scholarships/educational purposes. The Tribunal held that vagueness in Form 10's stated purpose of accumulation is not fatal; the trust is entitled to Section 11(2) benefits to the extent the accumulated amount was applied for the declared educational objective. The AO was ordered to delete disallowance corresponding to amounts so utilized. Appeal allowed for statistical purposes. Case-Laws Income Tax Wed, 10 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779134