{"id":38836,"date":"2024-02-02T12:40:06","date_gmt":"2024-02-02T07:10:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-e-v-gandhinagar-urban-development-authority-2023454-itr-40-292-taxman-516-gujhc-editorial-slp-of-revenue-dismissed-cit-e-v-gandhinagar-urban-development-authority-2023454-itr-43\/"},"modified":"2024-02-02T12:40:06","modified_gmt":"2024-02-02T07:10:06","slug":"cit-e-v-gandhinagar-urban-development-authority-2023454-itr-40-292-taxman-516-gujhc-editorial-slp-of-revenue-dismissed-cit-e-v-gandhinagar-urban-development-authority-2023454-itr-43","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-e-v-gandhinagar-urban-development-authority-2023454-itr-40-292-taxman-516-gujhc-editorial-slp-of-revenue-dismissed-cit-e-v-gandhinagar-urban-development-authority-2023454-itr-43\/","title":{"rendered":"CIT (E) v. Gandhinagar Urban Development Authority (2023)454 ITR 40 \/ 292 Taxman 516 (Guj)(HC) Editorial: SLP of Revenue, dismissed, CIT (E) v Gandhinagar Urban Development Authority (2023)454 ITR 43 \/ 292 Taxman 70 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that the Tribunal was justified in allowing the benefit of exemptions under sections\u00a011\u00a0and\u00a012\u00a0of the Income-tax Act, 1961, the benefit of capital expenditure and accumulation at 15 per cent. under section\u00a011(1)(a), accumulation of\u00a0 income under section\u00a011(2). Referred, Ahmedabad Urban Development Authority v. ACIT(E) (2017) 396 ITR 323 (Guj)(HC). (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Object of  general public utility-Urban Development Authority-Entitled to exemption. [S. 2(15), 11(1)(a), 11(2), 12, 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-38836","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a6o","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38836","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=38836"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38836\/revisions"}],"predecessor-version":[{"id":38837,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38836\/revisions\/38837"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}