In the result, all the appeals filed by the assessees stand allowed
Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm
193 of the paperbook. d) Allegation: Improper use of accumulated funds under Section 11(2) The appellant trusts had complied with all three conditions laid down under Section 11(2) of the Act: 1. Form 10 was filed timely specifying the purpose; 2. Funds were invested as per Section 11(5); 3. Accumulated amounts were utilized within five years strictly