Allowing the appeal the Court held that since Tribunal had not recorded any reasons whether or not assessee had complied with twin conditions mentioned in section 11(4A), order passed by Tribunal was cryptic and suffered from vice of non-application of mind and therefore, finding of Tribunal could not be sustained. Matter remanded. (AY. 2011-12)
PCIT (Central) v. Moogambigai Charitable and Educational Trust. (2021) 281 Taxman 500 (Karn.) (HC)
S. 254(1) : Appellate Tribunal – Duties- Charitable Trust -Accumulation of income – cryptic order -Non -application of mind – Matter remanded [ S. 11(4A) ]