2 results for “charitable trust”+ Carry Forward of Lossesclear
Sorted by relevance
Bench: Sri Duvvuru Rl Reddy(Kz) & Sri Rakesh Mishra
carrying on business in the guise of the trust, hence the deposits in the bank account were nothing but the business receipts which were liable to be added. The Ld. CIT(A) in para 7 at page 7 of the impugned order has mentioned that the assessee failed to demonstrate that the transactions are accounted for in the name