Calculation of adj. gti for 80g

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Elroy Joseph Lewis (Querist)
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20 September 2013 Dear Experts,

Whether brought forward loss u/s 72 is to be deducted while calculating the Adjusted Gross Total Income for the purpose of calculation of limit u/s 80G?

Thanks & Regards
Elroy

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 September 2013 Hi Elroy,

I believe in Commissioner Of Income-Tax vs Empire Jute Co. Ltd, it was held that brought forward loss needs to be adjusted to arrive at gross total income for 80G.

I have not been able to find any case which may have distinguished or overruled this judgment.

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