https://www.taxtmi.com/highlights?id=29570 Exemption u/s 11(1)(a) - n the absence of any specific prohibition, there is no reason why excess application of money, for charitable and religious purposes, (deficit) of the earlier year should not be set off against the income for the subsequent year. - HC en-us Fri, 03 Jun 2016 12:11:05 +0530 Fri, 03 Jun 2016 12:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=29570 Exemption u/s 11(1)(a) - n the absence of any specific prohibition, there is no reason why excess application of money, for charitable and religious purposes, (deficit) of the earlier year should not be set off against the income for the subsequent year. - HC Highlights Income Tax Fri, 03 Jun 2016 12:11:05 +0530 https://www.taxtmi.com/highlights?id=29570