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Sec. 11 of Income Tax Act, 1961 - Exemption - The appeals of the assessee were admitted on the many substantial questions of law including that as to whether the Appellate Tribunal is correct in law in their action to reject and to sustain the denial of the tax exemption claimed in terms of Section 11 of the Act consequent to the non acceptance of the plea for accumulation of income as per Section 11(2) of the Act read with Form No.10 on presumption of wrong facts establishing perversity in such findings recorded in relation thereto. High Court remanded the matter back to the Tribunal holding that “Tribunal should re-examine the Form No.10 furnished by the Assessee along with the Resolution and additional evidence, which may be produced by the Assessee Trust before the learned Tribunal”. - CNN EDUCATIONAL TRUST V/s ITO - [2020] 428 ITR 312 (MAD)