{"id":22508,"date":"2021-11-13T18:14:35","date_gmt":"2021-11-13T12:44:35","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-karnataka-jesuit-educational-society-2021-281-taxman-478-karn-hc\/"},"modified":"2021-11-13T18:14:35","modified_gmt":"2021-11-13T12:44:35","slug":"pcit-v-karnataka-jesuit-educational-society-2021-281-taxman-478-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-karnataka-jesuit-educational-society-2021-281-taxman-478-karn-hc\/","title":{"rendered":"PCIT v. Karnataka Jesuit Educational Society (2021) 281 Taxman 478 (Karn.) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that expenses incurred in earlier years which are adjusted against income earned by trust in subsequent year will have to be regarded as application of income of trust for charitable and religious purposes in subsequent year. A trust can bring forward and set off expenses of earlier years as application of income in subsequent year.\u00a0 (AY.\u00a0 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes \u2013 Application of income &#8211; Expenses of earlier years  can be adjusted against income earned in subsequent year . [ S. 11(4) ] <\/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-22508","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5R2","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22508","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=22508"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22508\/revisions"}],"predecessor-version":[{"id":22509,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22508\/revisions\/22509"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}