Section 11(2)

Last updated: 06 October 2007

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

Section 11(2) D.C.I.T (Exemption) Vs. Mamta Health Institute For Mother And Children 05/03/2007 [2007] 293 ITR 380 (Delhi) Case Fact: Whether, assessee is entitle to the benefit of accumulation u/s 11(2), where the contents of the form No.10 were vague? Decision: 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.