https://www.taxtmi.com/highlights?id=25650 It has to be held that the trust had incurred expenditure on religious and charitable purposes from the income of the subsequent year, even though the actual expenditure was in the earlier years, if in the books of account of the trust such earlier expenditure had been set off against the income of the subsequent year. - AT en-us Sun, 01 Nov 2015 16:59:44 +0530 Sun, 01 Nov 2015 16:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25650 It has to be held that the trust had incurred expenditure on religious and charitable purposes from the income of the subsequent year, even though the actual expenditure was in the earlier years, if in the books of account of the trust such earlier expenditure had been set off against the income of the subsequent year. - AT Highlights Income Tax Sun, 01 Nov 2015 16:59:44 +0530 https://www.taxtmi.com/highlights?id=25650