{"id":6778,"date":"2019-08-26T12:41:22","date_gmt":"2019-08-26T12:41:22","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cite-v-mahima-shiksha-samiti-2019-414-itr-673-raj-hc\/"},"modified":"2019-08-26T12:41:22","modified_gmt":"2019-08-26T12:41:22","slug":"cite-v-mahima-shiksha-samiti-2019-414-itr-673-raj-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cite-v-mahima-shiksha-samiti-2019-414-itr-673-raj-hc\/","title":{"rendered":"CIT(E)  v.   Mahima Shiksha Samiti (2019) 414 ITR 673 (Raj.)(HC)"},"content":{"rendered":"<p>Court held that that in view of the insertion of sub-section\u00a0(6)\u00a0in S.\u00a011\u00a0with effect from April 1, 2015, which was prospective, the assessee was entitled to depreciation. The transfer of funds had been made to a private university which had been created by a statute. The transfer was for educational purposes. The Tribunal had rightly considered that the trustees would not be covered under S.\u00a013. Foreign trip after taking into consideration the student exchange programme the Tribunal had come to the conclusion that it was covered under the purpose of the trust object and was done for the educational institution and benefit of the students, and hence the expenses on the foreign trip were rightly allowed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes\u2013Depreciation is allowable\u2013Amount transferred to private university\u2013Exemption cannot be denied\u2013Expenditure on foreign travel for purpose of Trust- Held to be allowable. [S. 12AA, 13, 32]<\/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-6778","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1Lk","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6778","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=6778"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6778\/revisions"}],"predecessor-version":[{"id":6779,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/6778\/revisions\/6779"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=6778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=6778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=6778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}