https://www.taxtmi.com/highlights?id=71217 Exemption u/s 11 - Accumulation of income - Carry forward of deficit - Carry forward of excess expenditure carried forward from the earlier assessment years - The Explanation 5 to Section 11 as inserted by the Finance Act 2021 w.e.f 1/04/2022 won’t any bearing for the impugned assessment year 2015-16. - Benefit of excess expenditure in the earlier years cannot be denied - AT en-us Mon, 31 Jul 2023 06:52:47 +0530 Mon, 31 Jul 2023 06:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71217 Exemption u/s 11 - Accumulation of income - Carry forward of deficit - Carry forward of excess expenditure carried forward from the earlier assessment years - The Explanation 5 to Section 11 as inserted by the Finance Act 2021 w.e.f 1/04/2022 won’t any bearing for the impugned assessment year 2015-16. - Benefit of excess expenditure in the earlier years cannot be denied - AT Highlights Income Tax Mon, 31 Jul 2023 06:52:47 +0530 https://www.taxtmi.com/highlights?id=71217