{"id":12780,"date":"2020-10-09T11:23:47","date_gmt":"2020-10-09T11:23:47","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-sree-gokulam-educational-and-medical-trust-2020181-itd-572-chennai-trib\/"},"modified":"2020-10-09T11:23:47","modified_gmt":"2020-10-09T11:23:47","slug":"acit-v-sree-gokulam-educational-and-medical-trust-2020181-itd-572-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-sree-gokulam-educational-and-medical-trust-2020181-itd-572-chennai-trib\/","title":{"rendered":"ACIT v. Sree Gokulam Educational and Medical Trust. (2020)181 ITD 572 (Chennai) (Trib.)"},"content":{"rendered":"<div>\n<p>Allowing the appeal of the revenue the Appellate Tribunal held that\u00a0 the assessee trust had invested in chit fund during preceding assessment year, it was a clear case of violation of provisions of S. 11(5), hence, assessee-trust was not entitled for exemption.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes &#8211;  Investment of surplus fund in chit fund \u2013 Denial of exemption is held to be justified [ S. 2(15) ,11(5) ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12780","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3k8","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12780","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12780"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12780\/revisions"}],"predecessor-version":[{"id":12781,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12780\/revisions\/12781"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}