{"id":55789,"date":"2025-08-14T13:23:41","date_gmt":"2025-08-14T07:53:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=55789"},"modified":"2025-08-14T13:23:41","modified_gmt":"2025-08-14T07:53:41","slug":"accumulation-of-surplus-u-s-112","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/accumulation-of-surplus-u-s-112\/","title":{"rendered":"Accumulation of surplus u\/s 11(2)"},"content":{"rendered":"<p>If the accumulation of surplus is not shown as appropriation in Income &amp; expenditure Account, can the benefit of 11(2) be denied.<\/p>\n<p>I ran a ICAI Chat GPT query, and got the following cases<\/p>\n<ol>\n<li><strong data-start=\"210\" data-end=\"318\">Gujarat State Board of School Textbooks v. ACIT (Exemptions) [2022] 139 taxmann.com 155 (ITAT Ahmedabad)<\/strong><\/li>\n<li>ITO (E) v. Chamber of Income Tax Consultants [2020] 117 taxmann.com 321 (ITAT Mumbai)<\/li>\n<li>Bharat Diamond Bourse v. ADIT (Exemptions) [2021] 127 taxmann.com 54 (ITAT Mumbai) I am unable to find the cases, hene this query<\/li>\n<\/ol>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[34],"class_list":["post-55789","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-charitable-trust"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/55789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=55789"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=55789"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=55789"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=55789"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=55789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}