{"id":9383,"date":"2020-02-02T12:20:09","date_gmt":"2020-02-02T12:20:09","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-e-v-rustomjee-kerawalla-foundation-bom-hc-ur\/"},"modified":"2020-02-02T12:20:09","modified_gmt":"2020-02-02T12:20:09","slug":"cit-e-v-rustomjee-kerawalla-foundation-bom-hc-ur","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-e-v-rustomjee-kerawalla-foundation-bom-hc-ur\/","title":{"rendered":"CIT ( E ) v Rustomjee Kerawalla Foundation ( Bom) (HC) (UR)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the Tribunal is justified in setting off of\u00a0 the earlier loss against the setting off of income\u00a0 of the subsequent year . Followed CIT ( E)\u00a0 v\u00a0 Sbros Educational Society ( 2018) 7 SCC 548 .\u00a0 (ITA No. 5391 \/Mum\/2016 dt 1-02 2017 ( AY. 2012 -13)\u00a0\u00a0 (ITA No 1761 of 2017 dt 22-01 2020 )<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes &#8211;  Carry forward of deficit \u2013 Allowed to be set off against income of  the subsequent year . [ S.  12,32 , 72 ]  <\/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-9383","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-2rl","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9383","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=9383"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9383\/revisions"}],"predecessor-version":[{"id":9384,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/9383\/revisions\/9384"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=9383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=9383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=9383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}