{"id":61815,"date":"2026-07-07T11:13:16","date_gmt":"2026-07-07T05:43:16","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shri-mahavir-gopalan-charitable-trust-v-ito-e-2025-236-ttj-363-ahd-trib\/"},"modified":"2026-07-07T11:13:16","modified_gmt":"2026-07-07T05:43:16","slug":"shri-mahavir-gopalan-charitable-trust-v-ito-e-2025-236-ttj-363-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shri-mahavir-gopalan-charitable-trust-v-ito-e-2025-236-ttj-363-ahd-trib\/","title":{"rendered":"Shri Mahavir Gopalan Charitable Trust v. ITO (E) (2025) 236 TTJ 363 (Ahd) Trib)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>Held that even if the assessee has delayed exercise of its option under s. 11(1), Expln. 2 for deemed application of its income, as long as the option is exercised during the assessment itself, assessee is entitled to claim deemed application of its income; contention that since the assessee\u2019s application for condonation of delay in exercising the option under s. 11(1)(a), Expln. 2 has not been approved by the specified authority; the assessee is not entitled to the benefit of deemed application of its income, which is not sustainable. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11: Property held for charitable purposes-Accumulation of income-Belated exercise of option during assessment proceedings]-The Assessing Officer was directed to allow the claim of deemed application of income.  [S. 11(1), 12A,12B  143(3)] <\/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_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-61815","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g51","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61815","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=61815"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61815\/revisions"}],"predecessor-version":[{"id":61816,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/61815\/revisions\/61816"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=61815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=61815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=61815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}