Dismissing the appeal of the revenue the Court held that ; on receipt of registration Form 10 was filed claiming the benefit of S.11 of the Act. Accordingly the single judge was justified in condoning the delay in submission of Form 10 and directing the AO to allow accumulation of income ( AY.2006 -07)
DIT (E) v. Chennai Port Trust. (2018) 256 Taxman 101 (Mad)(HC)
S. 12AA : Procedure for registration –Trust or institution-On receipt of registration Form 10 was filed claiming the benefit of S.11 of the Act- Single judge was justified in condoning the delay in submission of Form 10 and directing the AO to allow accumulation of income .[ S.11(2), Form 10 ] .