{"id":57225,"date":"2025-10-21T11:08:58","date_gmt":"2025-10-21T05:38:58","guid":{"rendered":"https:\/\/itatonline.org\/digest\/rajasthan-cricket-association-v-ito-e-2025-174-taxmann-com-346-jaipurtrib\/"},"modified":"2025-10-21T11:08:58","modified_gmt":"2025-10-21T05:38:58","slug":"rajasthan-cricket-association-v-ito-e-2025-174-taxmann-com-346-jaipurtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/rajasthan-cricket-association-v-ito-e-2025-174-taxmann-com-346-jaipurtrib\/","title":{"rendered":"Rajasthan Cricket Association v. ITO( E) [2025] 174 taxmann.com 346 (Jaipur)(Trib)"},"content":{"rendered":"<p>Assessee, a charitable trust registered under section 12A, claimed exemption under section 11(1)(a) for ` 27,05,219 [15% of total income] as accumulated\/set-apart funds, despite incurring total expenditure of ` 4,88,80,927 against receipts of ` 1,80,34,791. AO disallowed the claim, reasoning that assessee had no surplus to justify accumulation. Assessee argued that the excess expenditure was met from accumulated funds of earlier years and the 15% set-apart under section 11(1)(a) was unconditional.Section 11(1)(a) permits accumulation of up to 15% of income irrespective of whether current-year expenditure exceeds receipts. A charitable trust cannot be denied exemption under section 11(1)(a) merely because it utilized accumulated funds to cover excess expenditure. The provision is unambiguous and does not require a surplus in the relevant year for the 15% set-apart. Accordingly, assessee&#8217;s claim was valid. (AY. 2016 -17 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes &#8211;   Excess expenditure over income-Accumulation of income-Applied charitable purpose \u2013 Denial of exemption is not valid.  [S. 11(1)(a), 12A]<\/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-57225","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-eSZ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57225","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=57225"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57225\/revisions"}],"predecessor-version":[{"id":57226,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/57225\/revisions\/57226"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=57225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=57225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=57225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}