SC Dismisses IT Dept’s Plea in Subros Educational Case

CIT (Exemption) Vs Subros Educational Society (Supreme Court of India) Supreme Court dismissed the Income Tax Department’s miscellaneous application in the case of CIT (Exemption) vs. Subros Educational Society. The case originally stemmed from a civil appeal linked to a batch of similar matters decided on December 13, 2017. However, the department raised an additional legal question in this appeal—whether a charitable trust or institution could set off excess expenditure from previous years against income in subsequent years under Section 11 of the Income Tax Act, 1961. The department’s...