{"id":26572,"date":"2022-04-20T17:56:22","date_gmt":"2022-04-20T12:26:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cite-v-choice-foundation-2022-440-itr-106-285-taxman-48-ker-hc\/"},"modified":"2022-04-20T17:56:22","modified_gmt":"2022-04-20T12:26:22","slug":"cite-v-choice-foundation-2022-440-itr-106-285-taxman-48-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cite-v-choice-foundation-2022-440-itr-106-285-taxman-48-ker-hc\/","title":{"rendered":"CIT(E) v. Choice Foundation (2022) 440 ITR 106 \/ 285 Taxman 48 (Ker.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal the Court held that period of\u00a0 limitation commences from date of\u00a0 original assessment and not from date of\u00a0 reassessment. Revision barred by limitation. Court also held that the nature of receipt was building donation fund or corpus fund received by the assessee for the purpose of building fund. The Tribunal was right in holding that the contributions to the building fund were in the nature of corpus donations. (AY. 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Limitation-Reassessment-Period of  limitation commences from date of  original assessment and not from date of  reassessment- Revision barred by limitation-Donation to corpus fund-Capital in nature. [S. 11(1)(d), 11(5), 143(1),147, 148, 263(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-26572","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6UA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26572","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=26572"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26572\/revisions"}],"predecessor-version":[{"id":26573,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26572\/revisions\/26573"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}