{"id":35585,"date":"2023-08-24T15:25:38","date_gmt":"2023-08-24T09:55:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/acit-v-software-technology-parks-of-india-2022100-itr-77-sndelhi-trib\/"},"modified":"2023-08-24T15:25:38","modified_gmt":"2023-08-24T09:55:38","slug":"acit-v-software-technology-parks-of-india-2022100-itr-77-sndelhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/acit-v-software-technology-parks-of-india-2022100-itr-77-sndelhi-trib\/","title":{"rendered":"ACIT v. Software Technology Parks Of India (2022)100 ITR 77 (SN)(Delhi) (Trib)"},"content":{"rendered":"<p>Held that Commissioner (Appeals) directing\u00a0 the Assessing Officer to re-compute income giving benefit of\u00a0 exemption with consequential benefit is held to be proper. Once Department accepts that Assessee was charitable society claim to exemption could not be denied merely because\u00a0 the assessee has made in revised return. Depreciation is\u00a0 not a double benefit.\u00a0 Taxes paid out of current year\u2019s income is\u00a0 allowable as application of income. <em>(<\/em>AY.2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Once Department accepts that Assessee was charitable society claim to exemption could not be denied merely because  the assessee has made in revised return-Depreciation-Not a double benefit-Taxes paid out of current year\u2019s income-Allowable as application of income.  [S.2(15), 11(1)(a), 11(2), 12A, 32, 139(5)]  <\/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-35585","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9fX","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35585","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=35585"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35585\/revisions"}],"predecessor-version":[{"id":35586,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/35585\/revisions\/35586"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=35585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=35585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=35585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}