https://www.taxtmi.com/caselaws?id=800714 Section 11(2) permits a charitable or religious trust to accumulate income beyond the general exemption limit where Form 10 specifies the purpose and period, is furnished by the return-filing due date, and the funds are invested or deposited in permitted modes. Neither Section 11(2) nor Rule 17(2) requires trustees to pass an accumulation resolution before the end of the relevant previous year. A resolution passed later does not by itself defeat accumulation where the prescribed filing, purpose, period and investment conditions are satisfied. en-us Wed, 09 Sep 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800714 Section 11(2) permits a charitable or religious trust to accumulate income beyond the general exemption limit where Form 10 specifies the purpose and period, is furnished by the return-filing due date, and the funds are invested or deposited in permitted modes. Neither Section 11(2) nor Rule 17(2) requires trustees to pass an accumulation resolution before the end of the relevant previous year. A resolution passed later does not by itself defeat accumulation where the prescribed filing, purpose, period and investment conditions are satisfied. Case-Laws Income Tax Wed, 09 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800714