Charitable Trust entitled to Carry Forward, Adjust Excess Expenditure in earlier years against Income of subsequent years: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Delhi Bench has held that the Charitable trust is entitled to carry forward, adjust excess expenditure in earlier years against income of subsequent years. The assessee, Hapur Pilkhuwa Development Authority is an Authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 to promote and secure the […]
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