https://www.taxtmi.com/caselaws?id=214677 The ITAT, Delhi, allowed the assessee's appeal regarding the disallowance of a loss carry forward claim due to excess application of funds. The ITAT emphasized the applicability of previous court decisions and the principle of consistency in permitting the claim for loss carry forward despite excess application of funds in earlier years. The judgment underscored the importance of following established legal principles and court decisions in determining the eligibility of loss carry forward claims for charitable trusts. en-us Fri, 29 Jun 2012 00:00:00 +0530 Tue, 10 Jul 2012 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214677 The ITAT, Delhi, allowed the assessee's appeal regarding the disallowance of a loss carry forward claim due to excess application of funds. The ITAT emphasized the applicability of previous court decisions and the principle of consistency in permitting the claim for loss carry forward despite excess application of funds in earlier years. The judgment underscored the importance of following established legal principles and court decisions in determining the eligibility of loss carry forward claims for charitable trusts. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214677