{"id":35542,"date":"2023-08-24T15:05:28","date_gmt":"2023-08-24T09:35:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/baba-farid-public-welfare-society-v-ito-e-2022-99-itr-339-amritsartrib\/"},"modified":"2023-08-24T15:05:28","modified_gmt":"2023-08-24T09:35:28","slug":"baba-farid-public-welfare-society-v-ito-e-2022-99-itr-339-amritsartrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/baba-farid-public-welfare-society-v-ito-e-2022-99-itr-339-amritsartrib\/","title":{"rendered":"Baba Farid Public Welfare Society v. ITO (E) (2022) 99 ITR 339 (Amritsar)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 the expenses were disallowed on ad hoc basis at 10 per cent. on total expenses without specifying any specific lacuna. Therefore, the Assessing Officer was directed to delete the disallowances. \u00a0\u00a0That \u201cvan rent\u201d was in contra entry in both sides of income and expenditure accounts. After deduction of the amount from both sides, the turnover of the assessee was below Rs. 1 crore. The assessee was allowed the benefit under section\u00a010(23C)\u00a0of the\u00a0Income-tax Act, 1961\u00a0(AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(23C) : Educational institution-Ad-hoc disallowance at 10 percent-Held to be not justified-Van Rent-Contra entry-After Deduction of  amount from both sides, turnover of  assessee is  below Rs. 1 Crore-Entitled to benefit. <\/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-35542","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9fg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35542","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=35542"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35542\/revisions"}],"predecessor-version":[{"id":35543,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35542\/revisions\/35543"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}