https://www.taxtmi.com/caselaws?id=175435 The appeal under section 260-A of the Income Tax Act challenging the order of the Income Tax Appellate Tribunal regarding carrying forward excess expenditure over income to subsequent years in the case of a trust registered under the Societies Registration Act for advancement of science and technology was dismissed by the Court. The Court upheld the Tribunal's decision, based on previous High Court rulings, that adjusting expenses for charitable purposes in an earlier year against income in a subsequent year qualifies as application of income for charitable purposes. The appeal was dismissed with no costs. en-us Wed, 11 Jan 2012 00:00:00 +0530 Sat, 21 Nov 2015 10:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175435 The appeal under section 260-A of the Income Tax Act challenging the order of the Income Tax Appellate Tribunal regarding carrying forward excess expenditure over income to subsequent years in the case of a trust registered under the Societies Registration Act for advancement of science and technology was dismissed by the Court. The Court upheld the Tribunal's decision, based on previous High Court rulings, that adjusting expenses for charitable purposes in an earlier year against income in a subsequent year qualifies as application of income for charitable purposes. The appeal was dismissed with no costs. Case-Laws Income Tax Wed, 11 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175435