https://www.taxtmi.com/caselaws?id=55347 The Tribunal rectified its order after acknowledging the failure to address the ground related to the disallowance of the claim for accumulation of income under s. 11(2) of the IT Act, which was raised by the assessee. The Tribunal accepted the assessee's application for rectification and ruled in favor of the assessee, allowing the claim for exemption under s. 11 by fulfilling the requirements of s. 11(2) for the relevant assessment years. The Tribunal emphasized the timely filing of Form No. 10 before the completion of assessments as justification for the exemption claim under s. 11. en-us Mon, 25 Oct 1999 00:00:00 +0530 Thu, 25 Nov 2010 17:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55347 The Tribunal rectified its order after acknowledging the failure to address the ground related to the disallowance of the claim for accumulation of income under s. 11(2) of the IT Act, which was raised by the assessee. The Tribunal accepted the assessee's application for rectification and ruled in favor of the assessee, allowing the claim for exemption under s. 11 by fulfilling the requirements of s. 11(2) for the relevant assessment years. The Tribunal emphasized the timely filing of Form No. 10 before the completion of assessments as justification for the exemption claim under s. 11. Case-Laws Income Tax Mon, 25 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55347