https://www.taxtmi.com/caselaws?id=61315 A charitable trust's failure to file an accumulation application was treated as a technical defect where the income was spent in the immediately succeeding year, and the trust remained recognised as charitable. The analysis states that this omission did not amount to a substantive breach sufficient to deny exemption, and Section 13(1)(bb) was not applied to defeat the claim. The operative point is that exemption was preserved despite the procedural lapse because the funds were ultimately applied for charitable purposes. en-us Wed, 28 Nov 1984 00:00:00 +0530 Wed, 12 Jan 2011 11:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61315 A charitable trust's failure to file an accumulation application was treated as a technical defect where the income was spent in the immediately succeeding year, and the trust remained recognised as charitable. The analysis states that this omission did not amount to a substantive breach sufficient to deny exemption, and Section 13(1)(bb) was not applied to defeat the claim. The operative point is that exemption was preserved despite the procedural lapse because the funds were ultimately applied for charitable purposes. Case-Laws Income Tax Wed, 28 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61315