https://www.taxtmi.com/caselaws?id=55410 The Tribunal allowed the appeal, holding that the trust's claim for accumulation of surplus income under section 11(2) of the IT Act, 1961 should be accepted. The trust was granted exemption for the surplus as it complied with the provisions of the Act, including specifying the purpose of accumulation for the construction of a building for the trust. en-us Wed, 18 May 1983 00:00:00 +0530 Fri, 26 Nov 2010 18:37:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55410 The Tribunal allowed the appeal, holding that the trust's claim for accumulation of surplus income under section 11(2) of the IT Act, 1961 should be accepted. The trust was granted exemption for the surplus as it complied with the provisions of the Act, including specifying the purpose of accumulation for the construction of a building for the trust. Case-Laws Income Tax Wed, 18 May 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55410