Assessee trust was running a medical dispensary wherein it was providing free medical treatment to patients and annual income of assessee trust was out of interest income from investment which had been made of surplus lying with it.  Assessing Officer allowed exemption to assessee trust under section 10(23C)(iiiae)-CIT(E) held  that assessee society had incurred only 12 per cent of receipts for philanthropic purposes and accumulated 88 per cent of its receipts, hence, there was no nexus between income earned and dispensary run by assessee society, and thus, assessee society was not eligible for exemption under section 10(23C)(iiiae) of the Act.    On appeal the Tribunal held  that under provisions of section 10(23C)(iiiae), there was no limit prescribed for application of receipts and accumulation of receipts.Therefore, there being no allegation that assessee trust was involved in any activity for profit or did not exist for philanthropic purposes, assessee Trust was within its rights to accumulate receipts as per its requirement and thus, would be eligible for exemption under 10(23C)(iiiae) of the Act. (AY. 2017-18)