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Case Law Details

Case Name : PCIT (Exemptions) Vs Green Wood High School (Karnataka High Court)
Related Assessment Year :
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PCIT (Exemptions) Vs Green Wood High School (Karnataka High Court)

Income derived from the trust property has also got to be computed on commercial principles and if commercial principles are applied, then adjustment of expenses incurred by the trust for charitable and religious purposes in the earlier years against the income earned by the trust in the subsequent year will have to be regarded as application of income of the trust for charitable and religious purposes in the subsequent year in which adjustment had been made having regard to the benevole

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