https://www.taxtmi.com/highlights?id=61257 Assessment u/s 153A - Exemption u/s 11 - Carry forward of the deficit being excess of expenditure over income to the subsequent years - the Hon’ble Supreme Court has held that the excess expenditure incurred by the charitable institution in the earlier years could be allowed to be set off against the subsequent years by invoking section 11. - Claim allowed - AT en-us Mon, 03 Jan 2022 10:34:49 +0530 Mon, 03 Jan 2022 10:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61257 Assessment u/s 153A - Exemption u/s 11 - Carry forward of the deficit being excess of expenditure over income to the subsequent years - the Hon’ble Supreme Court has held that the excess expenditure incurred by the charitable institution in the earlier years could be allowed to be set off against the subsequent years by invoking section 11. - Claim allowed - AT Highlights Income Tax Mon, 03 Jan 2022 10:34:49 +0530 https://www.taxtmi.com/highlights?id=61257