Accumulated Income

ITAT Mumbai Holds That Payments Made Out of Accumulated Income to Registered Trusts Attracts Section 11(3)(d) The Income Tax Appellate Tribunal (ITAT) Mumbai has upheld the addition of Rs 57.89 lakh under Section 11(3)(d) and dismissed the appeals filed by the assessee. The assessee is a charitable trust registered under Section 12A of the Income…