{"id":43568,"date":"2024-06-14T14:00:17","date_gmt":"2024-06-14T08:30:17","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-v-podar-education-trusts-2023102-itr-270-mum-trib\/"},"modified":"2024-06-14T14:00:17","modified_gmt":"2024-06-14T08:30:17","slug":"dy-cit-v-podar-education-trusts-2023102-itr-270-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-v-podar-education-trusts-2023102-itr-270-mum-trib\/","title":{"rendered":"Dy. CIT v. Podar Education Trusts (2023)102 ITR 270 (Mum) (Trib)"},"content":{"rendered":"<p>Held that the Donation supported by certificate of\u00a0 recognition of\u00a0 Director General of exemptions and bank statements hence the\u00a0 denial of exemption is not proper. Retracted statements not incriminating material hence cannot be used to reopen concluded assessment. Gratuity. Provision for gratuity or\u00a0 leave encashment constitutes ascertained liability hence allowable as deduction. (AY.2012-13, 2014-15 to 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10 (23C): Educational institution-Bogus donation-Donation supported by certificate of  recognition of  Director General of exemptions and bank statements-Denial of exemption is not proper-Retracted statements not incriminating material-Cannot be used to reopen concluded assessment-Gratuity-Leave encashment-Provision for gratuity or  leave encashment-Constitutes ascertained liability-Allowable as deduction. [S. 12AA, 80G, 143(3) 153A] <\/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-43568","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bkI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43568","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=43568"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43568\/revisions"}],"predecessor-version":[{"id":43569,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43568\/revisions\/43569"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}