Dismissing the appeal of the revenue the Court held that ;accumulation of income of assessee during relevant year did not exceed 15 per cent of its income. Entitle exemption. ( AY.2005 -06)
CIT v. Agricultural Produce Market Committee. (2018)408 ITR 231/ 257 Taxman 234 (Karn)( HC)
S. 11 : Property held for charitable purposes – Accumulation of income did not exceed 15 per cent of income -Entitle exemption [ S.12A, 263 ]