{"id":43180,"date":"2024-06-07T19:16:24","date_gmt":"2024-06-07T13:46:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/fernandez-foundation-v-cit-e-2023-199-itd-37-221-ttj-109-hyd-trib\/"},"modified":"2024-06-07T19:16:24","modified_gmt":"2024-06-07T13:46:24","slug":"fernandez-foundation-v-cit-e-2023-199-itd-37-221-ttj-109-hyd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/fernandez-foundation-v-cit-e-2023-199-itd-37-221-ttj-109-hyd-trib\/","title":{"rendered":"Fernandez Foundation. v. CIT (E) (2023) 199 ITD 37\/ 221 TTJ 109 (Hyd) (Trib.)"},"content":{"rendered":"<p><strong>\u00a0<\/strong>The assessee-company owning hospital was converted from private limited company to charitable company under section 8 of Companies Act, 2013 and hospital continued to charge patients at market rates even after such conversion and, treatment at concessional rate provided by hospital to patients accounted for less than 1 per cent of revenue, Commissioner (E) is\u00a0 justified in denying registration\/approval under sections 12AA,10(23C)(vi) &amp; 80G(5)(vi) to assessee.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(23C) : Educational institution-Hospitals-Treatment at concessional rate provided by hospital to patients accounted for less than 1 per cent of revenue-Denial of exemption is justified. [S. 10(23C)(vi), 12AA, 80G(5)(vi), Companies Act, 2013, S. 8]<\/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-43180","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bes","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43180","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=43180"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43180\/revisions"}],"predecessor-version":[{"id":43181,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43180\/revisions\/43181"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}