{"id":54319,"date":"2025-05-17T11:57:41","date_gmt":"2025-05-17T06:27:41","guid":{"rendered":"https:\/\/itatonline.org\/digest\/st-peters-school-v-ito-2024-chambers-journal-november-p-114-koltrib\/"},"modified":"2025-05-17T11:57:41","modified_gmt":"2025-05-17T06:27:41","slug":"st-peters-school-v-ito-2024-chambers-journal-november-p-114-koltrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/st-peters-school-v-ito-2024-chambers-journal-november-p-114-koltrib\/","title":{"rendered":"St. Peter\u2019s School v. ITO (2024) Chamber\u2019s Journal-November-P. 114 (Kol)(Trib)"},"content":{"rendered":"<p>Held that claiming of depreciation on on assets which are claimed as application of income, being\u00a0 bonfide error can not be considered as misreporting of income.\u00a0 Penalty is deleted. (AY. 2018-19) (ITA No. 820\/ Kol\/ dt. 8-10-2024)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 270A:Penalty for under-reporting and misreporting of income-Charitable Trust-Depreciation on assets which are claimed as application of income-Bonfide error-Penalty is deleted.[S.270A(9)] <\/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-54319","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-e87","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54319","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=54319"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54319\/revisions"}],"predecessor-version":[{"id":54320,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/54319\/revisions\/54320"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=54319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=54319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=54319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}