{"id":48140,"date":"2024-11-20T09:46:03","date_gmt":"2024-11-20T04:16:03","guid":{"rendered":"https:\/\/itatonline.org\/digest\/synthetic-art-silk-mills-research-association-v-cit-2024-205-itd-70-mumtrib\/"},"modified":"2024-11-20T09:46:03","modified_gmt":"2024-11-20T04:16:03","slug":"synthetic-art-silk-mills-research-association-v-cit-2024-205-itd-70-mumtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/synthetic-art-silk-mills-research-association-v-cit-2024-205-itd-70-mumtrib\/","title":{"rendered":"Synthetic &#038; Art Silk Mills Research Association. v. CIT (2024) 205 ITD 70 (Mum)(Trib.)"},"content":{"rendered":"<p>Assessee, a charitable trust, which is engaged in was engaged in Scientific research associations conducting research and development activities in textile sector. It claimed exemption under section 10(21).Assessing Officer accepted assessee&#8217;s claim. Commissioner (E) was of view that income derived by assessee from Auditorium Hire charges, hoarding site and service charges, and rent was not incidental to objectives of assessee-trust and, thus, not eligible for exemption under section 10(21). On appeal the Tribunal held that\u00a0 \u00a0since issue as to whether impugned income was incidental to objects of assessee-trust was a debatable issue, revisionary authority was not justified in setting aside order of Assessing Officer.\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 263 : Commissioner-Revision of orders prejudicial to revenue-Examined all details-Possible view-Revision is not valid.[S. 10(21)] <\/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-48140","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-cws","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48140","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=48140"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48140\/revisions"}],"predecessor-version":[{"id":48141,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/48140\/revisions\/48141"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=48140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=48140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=48140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}