Compliance of provisions of Sec.11(2) & 11(3).

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....is made to the Income-tax Officer in the prescribed form within the prescribed period specifying the object of accumulation, the period of accumulation and the amount sought to be accumulated. The amount sought to be accumulated is also required to be invested in the forms and modes prescribed in section 11(5) of the Act. 2. Under section 11(3) of the Act, if any income which is accumulation in....

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.... 4. It would be observed that a duty is cast on the Income-tax Officer to ensure that the income which is allowed to be accumulated with his permission, is brought within the discipline of section 11(2) read with section 11(3) . With a view to ensuring that the Income-tax Officer maintains a check on the fulfilment of provisions of section 11(2) and 11(3), a register is prescribed as given in A....

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.... and should be made available in the prescribed form to the I.T.Os, having jurisdiction over trusts. 6. Inspecting Assistant Commissioners of Income-tax concerned will make inspection of this register an integral part of their inspection of the Income-tax Officer's work. 7. The attention of the Income-tax Officers is drawn specifically at the requirement of section 11(3)(c) and particularly ....