statute has restricted the set off of
b/f deficit against the income of current year. We are of the considered
opinion that, the restriction ... claim of the
assessee on account of set off of b/f deficit against the income of the current
year. However
statute has restricted the set off of
b/f deficit against the income of current year. We are of the considered
opinion that, the restriction ... claim of the
assessee on account of set off of b/f deficit against the income of the current
year. However
defendant and maintained a running and current
account in the name of defendant, which showed a deficit
defendant and maintained a running and current
account in the name of defendant, which showed a deficit
actuarial surplus for the current year is
determined by aggregating the results of the Policyholders' and Shareholders'
Accounts, capturing the net effect ... income, expenses, provisions, and
adjustments recorded within both accounts. This surplus/deficit, calculated
through the actuarial valuation process, is directly taken as the basis
actuarial surplus for the current year is
determined by aggregating the results of the Policyholders' and Shareholders'
Accounts, capturing the net effect ... income, expenses, provisions, and
adjustments recorded within both accounts. This surplus/deficit, calculated
through the actuarial valuation process, is directly taken as the basis
Therefore, taxing the surplus income of a charitable institution on account of
such a technical and procedural lapse-despite its bona fide conduct and
government ... trust is not sound. Currently, the trust is not generating any surplus income and
is operating under a financial deficit. All the funds available with
Therefore, taxing the surplus income of a charitable institution on account of
such a technical and procedural lapse-despite its bona fide conduct and
government ... trust is not sound. Currently, the trust is not generating any surplus income and
is operating under a financial deficit. All the funds available with
Shri Ganesh Bhivraj Bhutada,Pune vs Acit, Central Circle1(1), Pune, Pune on 6 March
Shri Ganesh Bhivraj Bhutada,Pune vs Acit, Central Circle1(1), Pune, Pune on 6 March
