https://www.taxtmi.com/caselaws?id=791618 Income accumulated and claimed exempt under section 11(2) cannot be claimed again in a later year unless the assessee shows actual utilisation for the permitted charitable purposes within the statutory accumulation period. On the facts, the Tribunal found that the earlier accumulated amount had already been reflected as exempt, while the impugned sum had not been applied during the year and was separately dealt with in the current return and Form 10B. The claim was therefore treated as an impermissible second exemption, and the unutilised accumulated income attracted taxation under section 11(3). en-us Wed, 01 Apr 2026 00:00:00 +0530 Thu, 14 May 2026 09:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791618 Income accumulated and claimed exempt under section 11(2) cannot be claimed again in a later year unless the assessee shows actual utilisation for the permitted charitable purposes within the statutory accumulation period. On the facts, the Tribunal found that the earlier accumulated amount had already been reflected as exempt, while the impugned sum had not been applied during the year and was separately dealt with in the current return and Form 10B. The claim was therefore treated as an impermissible second exemption, and the unutilised accumulated income attracted taxation under section 11(3). Case-Laws Income Tax Wed, 01 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791618