Section 11(2)

Last updated: 06 October 2007

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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.

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Judgement posted by

CA.Saibaburao Nanduri

Chartered Accountant

I am a commerce graduarte of Andhra University. Studied at HINDU COLLEGE, Guntur. Became FCA and started Practice under the name and style of M/s SAIBABU RAO CO I became Chairman of CA Institute, Guntur Branch, during the year 2008-09 My post qualifications are: Information Systems Audit DISA (ICAI) ... Read more

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