https://www.taxtmi.com/caselaws?id=397224 The appellant, a charitable trust, successfully appealed against the CIT (A)'s order for the assessment year 2013-14. The Tribunal allowed indexation on the sale of long term investments, treating the appellant as an individual for assessment purposes. Additionally, the Tribunal permitted the carry forward of earlier year deficits and set off against the current year's income, in accordance with the Act. The appeal was partly allowed, with the judgment delayed due to the COVID-19 lockdown, and the order was pronounced on July 16, 2020. en-us Thu, 16 Jul 2020 00:00:00 +0530 Mon, 10 Aug 2020 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397224 The appellant, a charitable trust, successfully appealed against the CIT (A)'s order for the assessment year 2013-14. The Tribunal allowed indexation on the sale of long term investments, treating the appellant as an individual for assessment purposes. Additionally, the Tribunal permitted the carry forward of earlier year deficits and set off against the current year's income, in accordance with the Act. The appeal was partly allowed, with the judgment delayed due to the COVID-19 lockdown, and the order was pronounced on July 16, 2020. Case-Laws Income Tax Thu, 16 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397224