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2016 (12) TMI 1761 - HC - Income TaxApplication of income u/s. 11(1)(a) - corpus donation u/s. 11(1)(d) - carry forward of deficit on account of excess expenditure and directed the assessing officer to allow carry forward of deficit on account of excess expenditure - corpus donation u/s. 11(1)(d) - Held that:- Issues arising herein stands concluded against the Revenue and in favour of the Assessee by the decision of this Court in CIT v/s. Institute of Banking [2003 (7) TMI 52 - BOMBAY HIGH COURT]. The questions as proposed do not give rise to any substantial questions of law.
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