{"id":44628,"date":"2024-07-27T17:14:10","date_gmt":"2024-07-27T11:44:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dy-cit-e-v-ahmedabad-urban-development-authority-2023105-itr-24-snahd-trib\/"},"modified":"2024-07-27T17:14:10","modified_gmt":"2024-07-27T11:44:10","slug":"dy-cit-e-v-ahmedabad-urban-development-authority-2023105-itr-24-snahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dy-cit-e-v-ahmedabad-urban-development-authority-2023105-itr-24-snahd-trib\/","title":{"rendered":"Dy. CIT (E) v. Ahmedabad Urban Development Authority (2023)105 ITR 24 (SN)(Ahd) (Trib)"},"content":{"rendered":"<p>Held that\u00a0 when the application of income was more than the receipts of year, the excess application of income, i. e., expenditure in the hands of the assessee, could be carried forward to the succeeding year. Held, that the assessee was entitled to claim the depreciation as \u201cplant and machinery\u201d as the assessee was promoting public objects which were activities in the nature of trade, commerce or business but without commercial motive. (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11  :  Property held for charitable purposes-Income applied to charitable purposes more than receipts of  year-Excess applied can be carried forward to succeeding year-Plant and machinery-Depreciation is allowed.[S. 32]  <\/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-44628","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bBO","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44628","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=44628"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44628\/revisions"}],"predecessor-version":[{"id":44629,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44628\/revisions\/44629"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}