{"id":5190,"date":"2019-04-28T14:17:17","date_gmt":"2019-04-28T14:17:17","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-chalassani-education-trust-2019-412-itr-343-karnhc\/"},"modified":"2019-04-28T14:17:17","modified_gmt":"2019-04-28T14:17:17","slug":"cit-v-chalassani-education-trust-2019-412-itr-343-karnhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-chalassani-education-trust-2019-412-itr-343-karnhc\/","title":{"rendered":"CIT  v.  Chalassani Education Trust.  (2019) 412 ITR 343 (Karn)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that , excess of expenditure \u00a0of earlier \u00a0years adjusted against income of relevant accounting year, amounts to application of income. Accordingly \u00a0adjustment will have to be excluded from the income of the trust under section\u00a011(1)(a)\u00a0.( AY. 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes &#8211;  Application of income- Excess of expenditure  of earlier  years adjusted against income of relevant accounting year, amounts to application of income \u2014 adjustment will have to be excluded from the income of the trust under section 11(1)(a) .[ S.11(1)(a),12 ]<\/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-5190","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1lI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5190","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=5190"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5190\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}