Exemption u/s 11 - Accumulation of income - Carry forward of ...

Case Laws Income Tax

July 31, 2023

Exemption u/s 11 - Accumulation of income - Carry forward of deficit - Carry forward of excess expenditure carried forward from the earlier assessment years - The Explanation 5 to Section 11 as inserted by the Finance Act 2021 w.e.f 1/04/2022 won’t any bearing for the impugned assessment year 2015-16. - Benefit of excess expenditure in the earlier years cannot be denied - AT

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Exemption u/s 11 - Accumulation of income - Carry forward of ...

Case Laws Income Tax

July 31, 2023

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