{"id":14657,"date":"2020-12-30T07:50:54","date_gmt":"2020-12-30T07:50:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dit-e-v-iskcon-charities-2020-428-itr-479-karnhc\/"},"modified":"2020-12-30T07:50:54","modified_gmt":"2020-12-30T07:50:54","slug":"dit-e-v-iskcon-charities-2020-428-itr-479-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dit-e-v-iskcon-charities-2020-428-itr-479-karnhc\/","title":{"rendered":"DIT (E) v. Iskcon Charities (2020) 428 ITR 479 (Karn)(HC)"},"content":{"rendered":"<p>Court held that\u00a0 all the pilgrims who visited assessee\u2019s temple were served with \u201cprasadam\u201d without probing into their caste, creed, religion or nationality. Thus, the expenditure had definitely been incurred on a section of society and therefore, was tantamount to expenditure for a charitable purpose.\u00a0 Accordingly the Tribunal is justified in granting\u00a0 exemption. Court also held that the income of a trust has to be computed in a normal commercial manner and only the real income has to be taken into account. While determining the commercial income, a trust is entitled to expenditure in respect of provision for doubtful debts\u00a0 ( AY.2004-05, 2005-06)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes &#8211;  Serving  prasadam\u201d without probing into their caste, creed, religion or nationality- Entitle to exemption &#8211; Bad debt \u2013 Income to be computed in commercial manner &#8211;  [ S. 2(15, 36(2) ]<\/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-14657","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Op","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14657","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=14657"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14657\/revisions"}],"predecessor-version":[{"id":14658,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14657\/revisions\/14658"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}