{"id":5436,"date":"2019-05-17T09:54:24","date_gmt":"2019-05-17T09:54:24","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-e-v-managing-committee-arya-high-school-mausa-punjab-2018-97-taxman-656-ph-hc-editorial-slp-of-revenue-is-dismissed-cit-e-v-managing-committee-arya-high-school-mausa-pun\/"},"modified":"2019-05-17T09:54:24","modified_gmt":"2019-05-17T09:54:24","slug":"cit-e-v-managing-committee-arya-high-school-mausa-punjab-2018-97-taxman-656-ph-hc-editorial-slp-of-revenue-is-dismissed-cit-e-v-managing-committee-arya-high-school-mausa-pun","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-e-v-managing-committee-arya-high-school-mausa-punjab-2018-97-taxman-656-ph-hc-editorial-slp-of-revenue-is-dismissed-cit-e-v-managing-committee-arya-high-school-mausa-pun\/","title":{"rendered":"CIT (E) v. Managing Committee, Arya High School, Mausa, Punjab  (2018) 97 taxman  656 ( P&#038;H ) (HC)  Editorial : SLP of revenue is dismissed, CIT (E) v. Managing Committee, Arya High School, Mausa, Punjab (2019) 261 Taxman 450 (SC)"},"content":{"rendered":"<p>Assessee educational society filed application for grant of registration under section 10(23C)(vi). CIT(E )denied the exemption on ground that no evidence that assessee had utilised its income for educational purpose was adduced . Tribunal held that\u00a0 the assessee had utilised its income for purchase of land for further extension of school building, thus, assessee was held to be covered within provisions of section 10(23C)(vi) of the Act . On appeal High Court up held the order of Tribunal. (AY. 2012-13 to 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 10(23C) : Educational institution-Receipt exceeded more than 1 crore-Purchase of land for further extension of school building- Eligible for exemption. [S. 10(23C(vi)]<\/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-5436","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1pG","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5436","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=5436"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5436\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}