https://www.taxtmi.com/caselaws?id=468776 Accumulation under section 11(2) was allowed where the assessee disclosed the intended charitable accumulation in the return, audit report and balance sheet, and filed Form 10 with the return. The Tribunal treated the later-dated Board resolution as a matter of form, not a statutory disqualification, because the record already showed the accumulation and charitable purpose were properly disclosed and no contrary material showed non-compliance with section 11(2) read with rule 17(2). The Revenue could not the claim merely because the formal resolution post-dated the return, and the benefit of accumulation was held allowable. en-us Fri, 07 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468776 Accumulation under section 11(2) was allowed where the assessee disclosed the intended charitable accumulation in the return, audit report and balance sheet, and filed Form 10 with the return. The Tribunal treated the later-dated Board resolution as a matter of form, not a statutory disqualification, because the record already showed the accumulation and charitable purpose were properly disclosed and no contrary material showed non-compliance with section 11(2) read with rule 17(2). The Revenue could not the claim merely because the formal resolution post-dated the return, and the benefit of accumulation was held allowable. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468776