{"id":44493,"date":"2024-07-25T13:27:06","date_gmt":"2024-07-25T07:57:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/annadaneshwara-charitable-trust-v-ito-2023-203-itd-641-bang-trib\/"},"modified":"2024-07-25T13:27:06","modified_gmt":"2024-07-25T07:57:06","slug":"annadaneshwara-charitable-trust-v-ito-2023-203-itd-641-bang-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/annadaneshwara-charitable-trust-v-ito-2023-203-itd-641-bang-trib\/","title":{"rendered":"Annadaneshwara Charitable Trust. v. ITO (2023) 203 ITD 641 (Bang) (Trib.)"},"content":{"rendered":"<p>Assessee, a charitable trust declared nil income. CPC issued an intimation under section 143(1) wherein it had added a certain sum and raised a demand taking entire receipts as income and taxed same. On appeal the Tribunal held that\u00a0 since gross receipts could not be taxed in hands of assessee-trust, expenditure relatable to earning of such income was to be allowed as deduction. (AY. 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 :  Property held for charitable purposes-No registration-Only net income can be taxed and not gross receipts.[S.12A , 12AA, 143(1)] <\/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-44493","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bzD","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44493","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=44493"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44493\/revisions"}],"predecessor-version":[{"id":44494,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44493\/revisions\/44494"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}