https://www.taxtmi.com/caselaws?id=378264 The court determined that the provisions relating to set-off and carry forward of losses under the Income-tax Act are applicable to a charitable trust. Additionally, it held that a charitable trust is entitled to carry forward excess application of income to subsequent assessment years. As both issues had been previously addressed in case law, the court found no substantial questions of law in the appeal and dismissed it without costs, directing the order to be sent to the respondent-assessee promptly. en-us Tue, 21 Aug 2018 00:00:00 +0530 Thu, 11 Apr 2019 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378264 The court determined that the provisions relating to set-off and carry forward of losses under the Income-tax Act are applicable to a charitable trust. Additionally, it held that a charitable trust is entitled to carry forward excess application of income to subsequent assessment years. As both issues had been previously addressed in case law, the court found no substantial questions of law in the appeal and dismissed it without costs, directing the order to be sent to the respondent-assessee promptly. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378264