Court :
HC
Brief :
Held by the Hon`ble Court that, a perusal of the annual report and overview of the projects clearly shows that the projects were in consonance with the objectives sought to be achieved by the assessee, which were for the benefit of adolescent girls and women particularly in slums and it is clear that assessee sought to accumulate funds for a charitable purpose. Therefore benefit of accumulation u/s 11(2) is allowed.
Citation :
D.C.I.T (Exemption) Vs. Mamta Health Institute For Mother And Children
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