Form 10 Rejection: Income Accumulation Disallowed, But Assessee Eligible for Excess Income Over Expenditure for Assessment Year.

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Full Text of the Document

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....Disallowance of the accumulation of income - rejection of Form 10 - assessee has not filed the resolution of the society for the specific purpose mentioned in the letter - assessee is eligible for accumulating the excess of income over the expenditure for the relevant assessment year - AT....