https://www.taxtmi.com/caselaws?id=782442 HC quashed the reassessment proceedings, holding that the assessee-trust had duly complied with section 11(2) of the Income-tax Act. The trust had specified the particular purposes of accumulation in Form 10 by expressly referring to a resolution, and had also electronically filed a copy of that resolution, which formed part of the assessment record. HC held that the limited space in Form 10 and the statutory format justified referring to the resolution instead of reproducing all purposes. Once section 11(2) conditions are fulfilled, the AO has no discretion to deny the exemption. The reasons recorded for reopening, alleging non-compliance, were found erroneous and invalid. en-us Thu, 20 Nov 2025 00:00:00 +0530 Sat, 29 Nov 2025 07:57:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782442 HC quashed the reassessment proceedings, holding that the assessee-trust had duly complied with section 11(2) of the Income-tax Act. The trust had specified the particular purposes of accumulation in Form 10 by expressly referring to a resolution, and had also electronically filed a copy of that resolution, which formed part of the assessment record. HC held that the limited space in Form 10 and the statutory format justified referring to the resolution instead of reproducing all purposes. Once section 11(2) conditions are fulfilled, the AO has no discretion to deny the exemption. The reasons recorded for reopening, alleging non-compliance, were found erroneous and invalid. Case-Laws Income Tax Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782442