Trust cannot claim Section 24(a) standard deduction against rental income

Improvement Trust Fatehabad Vs ITO (Exemptions) (ITAT Delhi) Trust cannot claim standard deduction u/s 24(a) for rental income but can c/f the excess of expenditure in the subsequent year In the given case there are two issues which are raised, first ground of appeal the non-granting of deduction under section 24 (a) being 30% of deduction on rental income from house property to charitable trust and second ground of the appeal which is against not allowing the carry forward of excess of expenditure over income for the year. The claim of the assessee is that if there is a deficit during one ass...