No denial of sec. 10(21) relief to research association due to non-furnishing of form for accumulati

IT: Where Assessing Officer denied exemption under section 10(21) to assessee on ground that during previous year it had accumulated part of its income and had failed to furnish Form 10 as provided under section 11(2) within time, denial of exemption merely on ground that assessee had not filed Form 10 within time was not justified