Donations out of 15 Percent accumulation permitted under section 11(1)(a) are not to be restricted by Explanation to section 11(2)

HIGH COURT OF DELHI, IN THE CASE OF: DIT (Exemption) Vs. Bagri Foundation, APPEAL NO: ITA No. 19/2010, DECIDED ON July 2, 2010 JUDGMENT RAJIV SAHAI ENDLAW, J. 1. This appeal has been preferred against the order dated 27th February, 2009 of the Income Tax Appellate Tribunal (ITAT) dismissing the appeal of the Revenue against the order dated 18th June, 2007 of the Commissioner of Income Tax (Appeals) [CIT(A)] allowing the appeal of the Assessee against the order dated 23rd March, 2006 of the Income Tax Officer (ITO) assessing the income of the Assessee, a Trust duly registered u...