Assessee is  a charitable trust registered under section 12A.  Assessee had accumulated an amount of Rs. 4 crore during year 2012-13 for purpose of building funds. The  assessee did not have surplus money to set apart or accumulate under section 11(2).Thereafter, assessee filed revised Form 10.  Assessing Officer  made additions in income of assessee on ground that income accumulated under section 11(2) did not satisfy conditions laid out under section 11(3). On appeal the CIT(A)  deleted the disallowance. On appeal the Tribunal held that the assessee has  submitted that funds accumulated in financial year 2012-13 for redevelopment work could not be utilised in year under consideration as it operated very close to Mumbai Airport and for any extension/redevelopment work it had to take NOC from Airport Authority of India and because of said reason redevelopment work of its school building was delayed. Furthermore assessee had filed an application under section 11(3A) in this regard. Since assessee’s application filed under section 11(3A) was pending consideration before Assessing Officer, section 11(3)(c) would not apply to instant case.  The Tribunal affirmed the order of the CIT(A). Assessing Officer  also rejected assessee’s claim of accumulation of funds under section 11(2) on ground that period of accumulation was stated to be ending on 31-3-2018 and, thus, assessee did not have income which it intended to accumulate or set aside under section 11(2). Amount was decided to be accumulated for carrying out purposes of trust vide resolution dated 29-3-2018 and in order to rectify said mistake revised form 10 was filed by assessee stating period of accumulation to be till 31-3-2023. Further, mode of investment was also as per section 11(5) as amount was deposited in scheduled banks or co-operative societies as per section 11(5)(iii). CIT (A) deleted the disallowance. On appeal the Tribunal held  that since assessee’s claim was under section 11(2) and not under section 11(1)(a), revised Form No. 10, which stated period of accumulation till 31-3-2023, should be considered for determining accumulated funds available with assessee under section 11(2).Order of CIT(A) deleting the addition is affirmed. (AY. 2018-19)