https://www.taxtmi.com/caselaws?id=796323 An educational trust assessed as an Association of Persons may carry forward and set off brought-forward excess expenditure against current-year income under the statutory rules applicable to that status. Lack of registration under section 12A and ineligibility for exemption under section 10(23C)(iiiad) do not, by themselves, deny those benefits. The set-off remains available subject to compliance with the conditions governing carry-forward and set-off of losses under section 72. en-us Thu, 30 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796323 An educational trust assessed as an Association of Persons may carry forward and set off brought-forward excess expenditure against current-year income under the statutory rules applicable to that status. Lack of registration under section 12A and ineligibility for exemption under section 10(23C)(iiiad) do not, by themselves, deny those benefits. The set-off remains available subject to compliance with the conditions governing carry-forward and set-off of losses under section 72. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796323