{"id":15335,"date":"2021-03-02T11:33:34","date_gmt":"2021-03-02T06:03:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cite-v-gujarat-maritime-board-no-3-2020-428-itr-177-guj-hc\/"},"modified":"2021-03-02T11:33:34","modified_gmt":"2021-03-02T06:03:34","slug":"cite-v-gujarat-maritime-board-no-3-2020-428-itr-177-guj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cite-v-gujarat-maritime-board-no-3-2020-428-itr-177-guj-hc\/","title":{"rendered":"CIT(E) v. Gujarat Maritime Board (No.3) (2020) 428 ITR 177 (Guj.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that statutory corporation constituted by State Government with charitable objects is entitled to\u00a0 exemption. Fees collected for objects\u00a0 is held to be\u00a0 not taxable. Applying the commercial principle the assessee is entitled to depreciation\u00a0\u00a0 and also contribution to pension fund is held to be deductible.\u00a0 (AY. 2009-10 to 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Charitable purpose- Statutory corporation constituted by State Government with charitable objects-Entitled to exemption- Fees collected for  objects  is held to be  not taxable -Entitled to depreciation-Contribution to pension fund  is held to be deductible. [S. 2(15), 32, 36(1)(vi)]<\/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-15335","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Zl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15335","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=15335"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15335\/revisions"}],"predecessor-version":[{"id":15336,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15335\/revisions\/15336"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}