Denying eligible deduction u/s. 11 of Income Tax Act on technical basis is unjustifiable

Shambhu Dayal Harish Chand Charitable Trust Vs DCIT (ITAT Delhi)

ITAT Delhi held that eligible deduction under section 11 of the Income Tax Act cannot be denied merely on the basis of technicalities.

Facts- The assessee is a charitable trust filed return of income. Since the income of the assessee trust has not been fully utilized during A.Y. a sum of Rs. 34,73,758/- was accumulated or set apart for carrying out the purpose of the trust in the succeeding Assessment Years a

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