{"id":4392,"date":"2019-03-12T13:06:04","date_gmt":"2019-03-12T13:06:04","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ito-v-the-times-centre-for-media-and-management-studies-2018-168-dtr-14-194-ttj-715-delhi-trib\/"},"modified":"2019-03-12T13:06:04","modified_gmt":"2019-03-12T13:06:04","slug":"ito-v-the-times-centre-for-media-and-management-studies-2018-168-dtr-14-194-ttj-715-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ito-v-the-times-centre-for-media-and-management-studies-2018-168-dtr-14-194-ttj-715-delhi-trib\/","title":{"rendered":"ITO v.The Times Centre For Media And Management Studies. (2018) 168 DTR 14\/194 TTJ 715 (Delhi) ( Trib)"},"content":{"rendered":"<p>The assesse is \u00a0a charitable institution registered u\/s 12AA (1) of the IT Act. It earned dividend income, other than income eligible for exemption u\/s 11. The AO denied benefit of exemption u\/s 11(1) for the entire income for violation of<em>provision of S. 13(1)(d) read with S. 11(5) pertaining to mode of investment. CIT (A) held that benefit of exemption for entire income could not have been denied and at best AO could have denied exemption to extent of dividend income earned. \u00a0Tribunal affirmed the order of CIT(A).<\/em><strong>( AY.2010-11)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11: Property held for charitable purposes-Dividend income \u2013 Income can be taxed if the investment is in violation of the provision -Exemption  cannot be denied to the Trust in respect of other income .[ S. 11(5),  12AA,13(1)(d)]<\/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":[1],"tags":[],"class_list":["post-4392","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-18Q","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4392","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=4392"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4392\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}