https://www.taxtmi.com/caselaws?id=796257 Accumulation of trust income for a specific revenue purpose may qualify for exemption where the purpose falls within the trust's charitable or religious objects. The analysis explains that permissible accumulation is not confined to capital expenditure or long-term projects, provided the prescribed statement identifies a specific purpose and period within the statutory limit. Maintenance of priests, preachers and religious functionaries is treated as a specific purpose connected with religious objects, so the claimed accumulation qualifies. Protective additions founded on the contrary premise cannot survive and are to be deleted. en-us Wed, 15 Jul 2026 00:00:00 +0530 Mon, 03 Aug 2026 08:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796257 Accumulation of trust income for a specific revenue purpose may qualify for exemption where the purpose falls within the trust's charitable or religious objects. The analysis explains that permissible accumulation is not confined to capital expenditure or long-term projects, provided the prescribed statement identifies a specific purpose and period within the statutory limit. Maintenance of priests, preachers and religious functionaries is treated as a specific purpose connected with religious objects, so the claimed accumulation qualifies. Protective additions founded on the contrary premise cannot survive and are to be deleted. Case-Laws Income Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796257