Section 11(3) Addition Partly Upheld: ₹1.24 Cr (AY 1994-95) Survives; Earlier Accumulations Nil; Matter Remanded to CIT(A) – ITAT Hyderabad

Asst. Director of Income Tax (Exemptions)-II Vs Action For Welfare And Awakening In Rural Environment (AWARE) (ITAT Hyderabad) Section 11(3) Addition Partly Sustained – Only ₹1.24 Cr Accumulation from A.Y. 1994-95 Survives; Earlier Years’ Accumulations Held Non-existent – Matter Restored to CIT(A) for Limited Verification – ITAT Hyderabad The dispute concerned taxation u/s 11(3) of alleged accumulated income of a charitable society for A.Y. 1995-96. The AO had taxed ₹13.76 crore treating it as misutilised accumulated funds, whereas CIT(A) deleted the entire addition holding that no...