{"id":4542,"date":"2019-03-28T09:54:25","date_gmt":"2019-03-28T09:54:25","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-cochin-port-trust-2019-411-itr-467-ker-hc\/"},"modified":"2019-09-22T10:29:20","modified_gmt":"2019-09-22T10:29:20","slug":"cit-v-cochin-port-trust-2019-411-itr-467-ker-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-cochin-port-trust-2019-411-itr-467-ker-hc\/","title":{"rendered":"CIT v. Cochin Port Trust. (2019) 411 ITR 467\/ 178 DTR 248\/ 310 CTR 76 (Ker.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that, assessee is a statutory authority to manage Ports. Main object is to enable commerce and economy of country which is\u00a0\u00a0 entitle to exemption. Though the exemption was withdrawn\u00a0\u00a0 as local authority, exemption can be claimed as charitable Trust. Delay in filing the application was condoned as the assessee was enjoying exemption as local authority which was withdrawn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Statutory authority to manage Ports\u2014Main object is to enable commerce and economy of country\u2014Entitle to exemption\u2013Withdrawal of exemption as local authority\u2013Exemption can be claimed as charitable Trust-Delay  in filing  the application was condoned as the assessee was enjoying exemption as local authority which was withdrawn. [S. 2(15) 10(20), 12, 12AA]<\/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-4542","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1bg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4542","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=4542"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4542\/revisions"}],"predecessor-version":[{"id":7301,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4542\/revisions\/7301"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}