{"id":30901,"date":"2022-12-07T10:32:52","date_gmt":"2022-12-07T05:02:52","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cite-v-association-of-state-road-transport-undertakings-2022-447-itr-95-delhihc\/"},"modified":"2022-12-07T10:32:52","modified_gmt":"2022-12-07T05:02:52","slug":"cite-v-association-of-state-road-transport-undertakings-2022-447-itr-95-delhihc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cite-v-association-of-state-road-transport-undertakings-2022-447-itr-95-delhihc\/","title":{"rendered":"CIT(E) v. Association of State Road Transport Undertakings (2022) 447 ITR 95 (Delhi)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that main object was to improve the public transport system and to assist its member State transport undertakings by providing automobile parts at the most economical and competitive rates so that the members could run their passenger buses at economical cost. <strong>\u00a0<\/strong>The first proviso to section\u00a02(15)\u00a0of the\u00a0Income-tax Act, 1961\u00a0does not exclude entities which are essentially for charitable purpose but conduct some activities for a consideration or a fee. The object of introducing the first proviso is to exclude organisations which are carrying on regular business with profit motive. (AY.2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Object improve public transport system and to assist  its members-Charitable object entitle to exemption-Order of  Tribunal is affirmed.  [S. 2(15), 10(23C)(vi), 12A, 260A] <\/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-30901","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-82p","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30901","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=30901"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30901\/revisions"}],"predecessor-version":[{"id":30902,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/30901\/revisions\/30902"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=30901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=30901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=30901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}