https://www.taxtmi.com/highlights?id=102346 An educational trust assessed as an Association of Persons may claim carry-forward and set-off of earlier years' excess expenditure over income, including depreciation, notwithstanding that it is not registered under section 12A or section 10(23C). The notes state that the claim must be examined under section 72, and absence of charitable registration alone does not justify denial. Set-off remains subject to fulfilment of the statutory conditions governing carry-forward and adjustment of losses. en-us Tue, 04 Aug 2026 08:39:30 +0530 Tue, 04 Aug 2026 08:39:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=102346 An educational trust assessed as an Association of Persons may claim carry-forward and set-off of earlier years' excess expenditure over income, including depreciation, notwithstanding that it is not registered under section 12A or section 10(23C). The notes state that the claim must be examined under section 72, and absence of charitable registration alone does not justify denial. Set-off remains subject to fulfilment of the statutory conditions governing carry-forward and adjustment of losses. Highlights Income Tax Tue, 04 Aug 2026 08:39:30 +0530 https://www.taxtmi.com/highlights?id=102346