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![Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order] Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Accumulation-Income-Income-Tax-Act-Income-Tax-Appellate-Tribunal-Fixed-Assets-Fixed-Assets-Acquisition-taxscan.jpg)
Accumulation Income can be applied towards Acquisition of Fixed Assets u/s 11(6) of Income Tax: ITAT [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) allowed the appeal of the assessee ruling that accumulated income can be applied...