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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Exemption u/s 11 - the assessee trust is entitled to set off of ...


Trust Allowed to Offset Past Excess Expenditure Against Future Income u/s 11 of the Income Tax Act.

November 20, 2018

Case Laws     Income Tax     AT

Exemption u/s 11 - the assessee trust is entitled to set off of excess expenditure of earlier years in subsequent assessment years as application of income.

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