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Exemption u/s 11(1)(a) - n the absence of any specific prohibition there is no reason why excess application of money for charitable and religious purposes (deficit) of the earlier year should not be set off against the income for the subsequent year. - HC

Income Tax - Exemption u/s 11(1)(a) - n the absence of any specific prohibition, there is no reason why excess application of money, for charitable and religious purposes, (deficit) of the earlier yea .....

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