{"id":14142,"date":"2020-12-06T05:01:07","date_gmt":"2020-12-06T05:01:07","guid":{"rendered":"https:\/\/itatonline.org\/digest\/a-shama-rao-foundation-v-acit-202078-itr-374-bang-trib\/"},"modified":"2020-12-06T05:01:07","modified_gmt":"2020-12-06T05:01:07","slug":"a-shama-rao-foundation-v-acit-202078-itr-374-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/a-shama-rao-foundation-v-acit-202078-itr-374-bang-trib\/","title":{"rendered":"A. Shama Rao Foundation v. ACIT (2020)78 ITR 374 (Bang (Trib)"},"content":{"rendered":"<p>The \u00a0Tribunal held that since the assessee had already claimed exemption towards the cost of asset as application of income, the assessee could not claim exemption on account of repayment of loan taken for acquiring the asset. AY.2012-13 to 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes &#8211;  Application of income &#8211; Cost of  acquisition of  assets allowed as application of  income \u2014Cannot claim exemption on account of  repayment of  loan as application of  income . <\/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-14142","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3G6","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14142","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=14142"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14142\/revisions"}],"predecessor-version":[{"id":14143,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14142\/revisions\/14143"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}