Trust's Income Accumulation Exemption Denied Despite Aligning with Objectives; Errors by AO and CIT(A) Noted under Sec 11(2) (2.

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....Exemption u/s 11 - AO rejected accumulation of income u/s.12AA - on perusal of facts available on record, clause 4k of trust deed provides for extending help and relief to distressed and destitute, homeless and underprivileged and funds accumulated u/s.11(2) is covered under main objects of the trust. - AO as well as learned CIT(A) has erred in denying benefit of accumulation of income u/s.11(2) of the Act. - AT....