https://www.taxtmi.com/caselaws?id=414528 The Tribunal upheld the CIT(A)'s decision to allow the carry forward of excess expenditure by the assessee trust registered under section 12A of the Income Tax Act, 1961. Relying on judicial precedents, including the cases of Pr. CIT (Exemption) v. Agastya International Foundation and CIT (Exemption) v. Subros Educational Society, the Tribunal dismissed the Revenue's appeal, affirming the legality of granting the excess expenditure carry forward benefit to the trust for the assessment year in question. en-us Thu, 21 Oct 2021 00:00:00 +0530 Wed, 10 Nov 2021 07:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414528 The Tribunal upheld the CIT(A)'s decision to allow the carry forward of excess expenditure by the assessee trust registered under section 12A of the Income Tax Act, 1961. Relying on judicial precedents, including the cases of Pr. CIT (Exemption) v. Agastya International Foundation and CIT (Exemption) v. Subros Educational Society, the Tribunal dismissed the Revenue's appeal, affirming the legality of granting the excess expenditure carry forward benefit to the trust for the assessment year in question. Case-Laws Income Tax Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414528