3 results for “charitable trust”+ Set Off of Lossesclear
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Bench: MS. JUSTICE RITU BAHRI,MRS. JUSTICE MANISHA BATRA
set off against the surplus of the subsequent years on the ground that in the case of a charitable trust, their income was assessable under self- contained code mentioned in section 11 to section 13 of the Income Tax Act and that the income of the charitable trust was not assessable under the head “Profits and gains of business” under