2022 (2) TMI 582 - SCH - Income Tax

Review petition - excess expenditure incurred by the trust/charitable institution in earlier assessment year could be allowed to be set off against income of subsequent years by invoking Section 11 - HELD THAT - Delay of 862 days in filing the review petition is condoned. We have carefully gone through the review petition and the connected papers. We find no merit in the review petition and the same is accordingly dismissed.

Summary

Title: Supreme Court of India condones delay in filing review petition

Judges: L. Nageswara Rao and Vineet Saran, JJ.

Key Points:
- Delay of 862 days in filing review petition is condoned.
- Review petition and connected papers examined; found no merit.
- Review petition dismissed.