4 results for “disallowance”+ Section 34clear
Sorted by relevance
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In the result, the appeal fails and is hereby dismissed
Bench: DR. JUSTICE B.R.SARANGI (ACJ),MR. JUSTICE MURAHARI SRI RAMAN
disallowance of carry forward of deficit ignoring the fact that there is no excess provision in Act allowing such claim 3 and without appreciating the fact that this would have effect of granting double benefit to assessee, first as accumulation of income under section 11(1)(a) or corpus donation under section 11(1)(d) in the earlier/current year