https://www.taxtmi.com/caselaws?id=789564 Earlier years' excess expenditure or deficit of a charitable trust can be adjusted against income of a subsequent year under section 11 because, before Explanation 5 to section 11(1), there was no restriction on treating such set-off as application of income in the year of adjustment. The later amendment was stated to operate prospectively from 01.04.2022, so it did not affect the relevant year. Filing of Form 9A was unnecessary where the trust merely set off prior years' excess applications against current income. en-us Thu, 05 Mar 2026 00:00:00 +0530 Fri, 10 Apr 2026 09:00:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789564 Earlier years' excess expenditure or deficit of a charitable trust can be adjusted against income of a subsequent year under section 11 because, before Explanation 5 to section 11(1), there was no restriction on treating such set-off as application of income in the year of adjustment. The later amendment was stated to operate prospectively from 01.04.2022, so it did not affect the relevant year. Filing of Form 9A was unnecessary where the trust merely set off prior years' excess applications against current income. Case-Laws Income Tax Thu, 05 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789564