Monday, October 29, 2018

Trust can carry forward excess exp. of earlier year to be adjusted against income of subsequent year: ITAT

IT: Expenditure incurred for religious and charitable purposes by assessee-trust in an earlier year could be adjusted against income of succeeding year while computing taxable income of succeeding year

from www.taxmann.com Latest Case Laws https://ift.tt/2Jlslx7

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...