Trust Validates Income Accumulation for Charitable Purposes Under Section 11(2), Ensuring Long-Term Community Development Strategy

ITAT affirmed the trust's claim for income accumulation under Section 11(2), finding the AO's rejection unsubstantiated. The tribunal determined that the trust's Form 10 adequately demonstrated the accumulation's alignment with its charitable objectives, specifically targeting women and adolescent girls in underserved communities. The accumulation was deemed consistent with the trust's established purposes. The Revenue's appeal was consequently dismissed, upholding the trust's right to set aside funds for future charitable projects within its defined organizational framework. .....

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