{"id":28950,"date":"2022-08-02T10:59:22","date_gmt":"2022-08-02T05:29:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acite-v-delhi-bureau-of-text-books-2022-93-itr-411-delhitrib\/"},"modified":"2022-08-02T10:59:22","modified_gmt":"2022-08-02T05:29:22","slug":"acite-v-delhi-bureau-of-text-books-2022-93-itr-411-delhitrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acite-v-delhi-bureau-of-text-books-2022-93-itr-411-delhitrib\/","title":{"rendered":"ACIT(E) v. Delhi Bureau of Text Books (2022) 93 ITR 411 (Delhi)(Trib.)"},"content":{"rendered":"<p>Held, that merely because the assessee had generated profits out of the activity of publishing and selling school textbooks it did not cease carrying on the activity of education.\u00a0 The surplus amount earned was again ploughed back into the main activity of education. Therefore, the assessee was entitled for exemption under section\u00a011. The Assessing Officer was directed to allow exemption with all consequential benefits<em>. <\/em>(AY.2011-12, 2012-13, 2014-15)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Education-Publication of  Text books and selling of  school text books-Surplus income utilised for education-Entitled to exemption. [S. 2(15), 11(4A), 12] <\/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-28950","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-7wW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28950","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=28950"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28950\/revisions"}],"predecessor-version":[{"id":28951,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/28950\/revisions\/28951"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=28950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=28950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}