2021 (2) TMI 681

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..... - First substantial question of law involved in this appeal has already been answered against the revenue by a decision of the Supreme Court in CIT Vs. RAJASTHAN GUJARAT CHARITABLE FOUNDATION POONA [ 2017 (12) TMI 1067 - SUPREME COURT] as well as the decision of this Court in DIT Vs. AL-AMEEN CHARITABLE FUND TRUST [ 2016 (3) TMI 462 - KARNATAKA HIGH COURT] Eligibility to carry forward the deficit .....

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..... as 'the Act', for short) has been filed by the revenue. The subject matter of the appeal pertains to the Assessment Year 2009-10. The appeal was admitted by a Bench of this Court vide order dated 03.10.2017 on the following substantial questions of law: "1.Whether on the facts and in the circumstances of the case, the Tribunal was correct in holding that the assessee is eligible for claimi .....

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..... f law has already been answered against the revenue by the decisions of this Court in 'CIT Vs. OHIO UNIVERSITY CHRIST COLLEGE' (2018) 408 ITR 352 KAR as well as 'PCIT Vs. MANIPAL ACADEMY OF HIGHER EDUCATION (2019) 415 ITR 361 (KAR). The aforesaid submission could not be disputed by the learned counsel for the revenue. 3. For the reasons assigned in the aforementioned judgments, the su .....

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