Charitable and religious trusts--Applications for accumulation of income under section 11(2) of the I.T. Act, 1961--Condonation of delay--Regarding

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..... ssioners of Income-tax. Subject : Charitable and religious trusts--Applications for accumulation of income under section 11(2) of the I.T. Act, 1961--Condonation of delay--Regarding. Sir, Charitable and religious trusts are entitled to exemption from income-tax under section 11 of the I.T. Act, 1961, after they fulfil the requirements enumerated in sections 11 to 13. These trusts are allowed t .....

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..... ection 119(2)(b) by which the Cs.I.T. have been authorised to admit belated applications under section 11(2) read with rule 17 of the I.T. Rules, 1962. A copy of this order is enclosed. All applications for condoning the delay under section 11(2) will henceforth be disposed of by Cs.I.T. in terms of the enclosed order. Yours faithfully, (Sd.) V.B. Srinivasan, Secretary, C.B.D.T.
Circular, Tr .....

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