{"id":1902,"date":"2018-08-05T07:41:48","date_gmt":"2018-08-05T07:41:48","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-e-v-mata-amrithanandamayi-math-amritapuri-v-cit-2017-85-taxmann-com-26-ker-hc-editorial-slp-of-revenue-is-dismissed-cit-e-v-mata-amrithanandamayi-math-amritapuri-2018-256-ta\/"},"modified":"2018-08-05T08:04:41","modified_gmt":"2018-08-05T08:04:41","slug":"cit-e-v-mata-amrithanandamayi-math-amritapuri-v-cit-2017-85-taxmann-com-26-ker-hc-editorial-slp-of-revenue-is-dismissed-cit-e-v-mata-amrithanandamayi-math-amritapuri-2018-256-ta","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-e-v-mata-amrithanandamayi-math-amritapuri-v-cit-2017-85-taxmann-com-26-ker-hc-editorial-slp-of-revenue-is-dismissed-cit-e-v-mata-amrithanandamayi-math-amritapuri-2018-256-ta\/","title":{"rendered":"CIT ( E ) v. Mata Amrithanandamayi Math Amritapuri  (2017) 85 Taxmann.com 26 ( Ker) (HC) Editorial: SLP of revenue is dismissed ,CIT (E)  v. Mata Amrithanandamayi Math Amritapuri.  (2018) 256 Taxman 62 (SC)"},"content":{"rendered":"<p>Assessee received corpus donation on which it earned interest. Assessees claim for exemption\u00a0\u00a0 on interest earned on corpus donation was rejected .Tribunal allowed the claim .On appeal dismissing the appeal of the revenue the Court held that , in view of specific direction of donors that said interest would also form part of corpus, accordingly \u00a0assessee&#8217;s claim for exemption under S. 11 in respect of interest so earned was to be allowed .( AY. 2007 -08 to 2012-13 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes \u2013 Corpus donation-  Corpus donation on which it earned interest, in view of specific direction of donors that said interest would also form part of corpus and entitle to exemption .[S.11(1)(d), 62 ,63 ]<\/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":[1],"tags":[],"class_list":["post-1902","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-uG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1902","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=1902"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1902\/revisions"}],"predecessor-version":[{"id":1912,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/1902\/revisions\/1912"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=1902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=1902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=1902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}