Case Law Details
Case Name : OTC Exchange of India Vs Asst. DIT (Exemption) (ITAT Mumbai)
Related Assessment Year : 2010-11 to 2012-13
Courts :
All ITAT ITAT Mumbai
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OTC Exchange of India Vs Asst. Director of Income Tax (Exemption) (ITAT Mumbai)
Excess expenditure in earlier years can be adjusted against income of subsequent years and such adjustment would be application of income for subsequent years and therefore, AO was directed to allow the claim of assessee.
FULL TEXT OF THE ITAT JUDGMENT
1. These three appeals are filed by the assessee against th
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