Accordingly, the same are being dismissed as having become academic in nature
Bench: Shri. Sudhanshu Srivastava & Shri Nikhil Choudhary
section 11(1)(a) of the Act regarding the application of 85% of the gross income to the objectives of the trust and accumulation of 15% of the gross income, would not apply. It was further submitted that the assessee had challenged the initiation of reassessment proceedings before the AO by filing objections to the same (placed at pages