S. 11(2) – Income Accumulation can’t be questioned if trust furnishes the purpose

IN THE ITAT AGRA BENCH Additional Commissioner of Income-tax  versus Jamia Urdu IT APPEAL NO. 122 (AGRa) OF 2011 [ASSESSMENT YEAR 2007-08] APRIL 27, 2012 ORDER A.L. Gehlot, Accountant Member   This is an appeal filed by the Revenue against the order dated 23.02.2011 passed by the Ld. CIT(A), Ghaziabad for the Assessment Year 2006-07 on the following grounds :- “1.  The Ld. CIT(A) has erred in law and on facts in deleting the addition of Rs. 29,33,910/- on account of denial of accumulation claimed u/s 11(2) of the IT Act, 1961 treating the general purposes as specific ...