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2018 (2) TMI 1087 - AT - Income TaxScheme of taxation of charitable or religious trust/institution as codified u/s.11,12 and 13 – Carry forward of excess expenditure for adjustment against income of subsequent years - Held that:- We find that the issue before us of carry forward of excess expenditure for adjustment against income of subsequent years is covered by the decisions of the Co-ordinate Benches of this Tribunal in the case of Jyothi Charitable Trust [2015 (7) TMI 859 - ITAT BANGALORE] and the case of ITO (Exemption) Vs. Shraddha Trust [2017 (4) TMI 1289 - ITAT BANGALORE]. Thus uphold the order of the ld CIT(A) in directing the AO to allow carry forward of excess expenditure for adjustment against income of subsequent years - Decided against revenue
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