https://www.taxtmi.com/caselaws?id=374899 The Tribunal affirmed the decision of the CIT(A) and dismissed the appeal of the Revenue, allowing the carry forward of excess expenditure over income of Rs. 2,33,03,449/- to be set off against income in subsequent years. The Tribunal emphasized the consistent stand taken by the Hon'ble Courts/Tribunals and upheld the principle that excess expenditure by a charitable trust in earlier years can be adjusted against income in subsequent years, aligning with the benevolent provisions of Section 11 of the Income Tax Act, 1961. en-us Fri, 08 Feb 2019 00:00:00 +0530 Tue, 12 Feb 2019 07:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374899 The Tribunal affirmed the decision of the CIT(A) and dismissed the appeal of the Revenue, allowing the carry forward of excess expenditure over income of Rs. 2,33,03,449/- to be set off against income in subsequent years. The Tribunal emphasized the consistent stand taken by the Hon'ble Courts/Tribunals and upheld the principle that excess expenditure by a charitable trust in earlier years can be adjusted against income in subsequent years, aligning with the benevolent provisions of Section 11 of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374899