Charitable trusts, NPOs must file IT returns, says top IT official

2 days ago

HC comes to taxpayers’ aid, postpones ITR filing deadline

MUMBAI: The Bombay high court on Friday directed the Central Board of Direct Taxes to extend the date for e-filing of belated income tax returns for taxpayers required to file by December 31, 2024. A bench of justice Devendra Upadhyaya and justice Amit Borkar, while listening to a Public Interest Litigation filed by the Chamber of Tax Consultants through its …

India Mumbai Tax Itr Taxpayers

2 days ago

Relief for Sai Baba Trust as HC upholds tax exemption on anonymous donations

Hindustan Times

MUMBAI: The Bombay high court on Friday upheld tax exemption on anonymous donations received by the Shri Saibaba Sansthan Trust, which manages and administers the Sai Baba temple at Shirdi, visisted by millions of devotees from all around the world. However, during the year 2014-2015, a show cause notice under section 142 of the IT Act was issued to the …

Trust Assessment Income Act Received Donations Anonymous

4 days, 7 hours ago

Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily

India Today

In a bid to bring relief to taxpayers, the Direct Tax Vivad Se Vishwas Scheme 2024, introduced in Budget 2024, offers a simplified route to resolve income tax disputes. Is an appeal filed against intimation under section 143 of the Act and pending as of July 22, 2024, eligible for the DTVSV Scheme 2024? Can the DTVSV Scheme 2024 be …

Appeal Settlement 2024 Filed Taxpayer Eligible Such Cases

5 days, 10 hours ago

Income tax investment declaration: When you change job, this is what you should do

Live Mint

This is the time of the year to submit proof of investment with your employer in order to claim tax exemption. Finally, when he will file his income tax return in July next year, the tax calculation will turn out to be more than the TDS deducted by his employer. Investment declaration: If you have not shared information of investment …

Investment Income Tax Employer Tds Tax Lakh Income Claim Exemption

1 week ago

SC's Judgement In Abhisar Buildwell Case Doesn't Permit Reopening Of Assessments Beyond Limitation Period U/S 149(1) Of IT Act: Delhi HC

Live Law

The Delhi High Court has reiterated that the Supreme Court's judgment in Abhisar Buildwell does not permit reopening of assessments under Section 147/148 of the Income Tax Act, 1961 beyond the period stipulated under Section 149. It relied on Principal Commissioner of Income Tax, Central-3 v. Abhisar Buildwell Private Limited to contend that in cases where the proceedings under Section …

Delhi Tax Court Reassessment Assessment Income Tax Income

2 weeks ago

Tax Weekly Round-Up: December 02 - December 08, 2024

Live Law

SUPREME COURT Subsequent Purchaser Of Imported Vehicle Cannot Be Asked To Pay Customs Duty; Liability On Importer : Supreme Court Case Title: NALIN CHOKSEY VERSUS THE COMMISSIONER OF CUSTOMS, KOCHI The Supreme Court ruled that the 'subsequent purchaser' of an imported motor car cannot be called an 'importer' to attract the liability under the Customs Act, 1962 to pay customs …

Delhi Supreme Court Appeal Tax Court Customs Income Tax

3 weeks ago

Only Income From Investment Made By Charitable Institution In Violation Of S.13(1)(d) Income Tax Act Is Liable To Tax: Telangana HC

Live Law

The Telangana High Court has held that the benefit of exemption under Section 11 of the Income Tax Act, 1961, can be denied only on income from such investments made by charitable or religious institutions, which are in violation of Section 13 of the Act. In the case at hand, the Andhra Pradesh State Civil Supplies Corporation Limited, a charitable …

Tax Court Investment Violation Companies Income Act

3 weeks, 1 day ago

Finance Act, 2013 | Audit Report Determining Tax Liability Doesn't Bar Eligibility Under Voluntary Compliance Encouragement Scheme: Delhi HC

Live Law

The Delhi High Court has held that an audit report determining liability towards tax dues is not a notice or an order of determination as contemplated under Section 106 of the Finance Act, 2013. Sub-section states that any person may declare his tax dues in respect of which no notice or an order of determination under section 72 or section …

High Court Determination Tax Respect Order Audit Service

4 weeks ago

[Direct Tax Vivaad Se Vishwas Act] Review Plea Against SLP Constitutes "Disputed Tax" U/S 2(i)(j): Delhi High Court

Live Law

The Delhi High Court has held that a review petition, against the orders passed in SLP by the Supreme Court, is “Disputed Tax” under Section 2 of the Direct Tax Vivad Se Vishwas Act, 2020 and the review petitioner would be eligible to take benefit of “Vivad Se Vishwas Scheme”. Section 2 defines disputed tax in relation to Appeal, Writ …

Tax Department Act Scheme Pending Special Leave Petition Dtvsv Act

4 weeks ago

[Direct Tax Vivaad Se Vishwas Act] Review Plea Against SLP Constitutes "Disputed Tax" U/S 2(i)(j): Delhi High Court

Live Law

The Delhi High Court has held that a review petition, against the orders passed in SLP by the Supreme Court, is “Disputed Tax” under Section 2 of the Direct Tax Vivad Se Vishwas Act, 2020 and the review petitioner would be eligible to take benefit of “Vivad Se Vishwas Scheme”. Section 2 defines disputed tax in relation to Appeal, Writ …

Tax Review Department Act Scheme Petition Pending

4 weeks, 1 day ago

Tax Weekly Roundup: November 18 - November 24, 2024

Live Law

SUPREME COURT Mobile Towers & Pre-Fabricated Buildings Moveable Properties, Qualify As 'Capital Goods' For CENVAT Credit : Supreme Court Case title: M/S BHARTI AIRTEL LTD. v. THE COMMISSIONER OF CENTRAL EXCISE, PUNE Case no. The Court also found substance in State's argument that part of revenue is lost when vehicle is purchased from outside the State and therefore, it held, …

Justice Delhi Writ Petition Tax Court Customs Income Tax

4 weeks, 1 day ago

Tax Weekly Roundup: November 18 - November 24, 2024

Live Law

SUPREME COURT Mobile Towers & Pre-Fabricated Buildings Moveable Properties, Qualify As 'Capital Goods' For CENVAT Credit : Supreme Court Case title: M/S BHARTI AIRTEL LTD. v. THE COMMISSIONER OF CENTRAL EXCISE, PUNE Case no. The Court also found substance in State's argument that part of revenue is lost when vehicle is purchased from outside the State and therefore, it held, …

Justice Delhi Writ Petition Tax Court Customs Income Tax

1 month ago

Tax Weekly Round-Up: November 11 To November 17, 2024

Live Law

HIGH COURTS Allahabad HC 1. : ITA 1092/2018 The Delhi High Court has held that in order to invoke Section 263 of the Income Tax Act, 1961, the Principal Commissioner must satisfy “twin conditions”, i.e. Assessing Authority Can't Reassess Prior Years Without Inquiry While Determining Relevant Year's Assessment: Kerala High Court Case Title: Kings Infra Ventures Ltd. v. The Assistant …

Delhi Court Customs Income Tax Title Income Tax Act Kerala High Court

1 month, 1 week ago

Entry Made In Dispatch Register Is Not Primary Evidence To Prove Service Of Notice On Assessee: Orissa High Court

Live Law

The Orissa High Court has made it clear that an entry in the dispatch register maintained by the Revenue is not primary evidence to show service of notice on an assessee. At the outset, the High Court division bench of Justices Arindam Sinha and MS Sahoo observed, “Entry made in the system is not primary evidence. In light of the …

India High Court Court Petitioner Primary Evidence Dispatch Register

1 month, 1 week ago

Mistake On Part Of AO Resulting In Under Assessment Of Income No Ground To Re-Open Assessment U/S 147 Of Income Tax Act: Delhi HC

Live Law

The Delhi High Court has made it clear that once scrutiny assessment is held under Section 143 of the Income Tax Act but due to a mistake of the Assessing Officer there is under assessment of income, reopening assessment under Section 147 of the Income Tax Act, 1961 is not permissible. At the outset, the High Court observed that escapement …

High Court Assessment Income Tax Income Tax Act Income

1 month, 2 weeks ago

Nirmala Sitharaman reviews Income Tax Act 1961

Live Mint

Union Finance Minister Nirmala Sitharaman on Monday chaired a meeting on the comprehensive review of the Income Tax Act 1961. Sitharaman had announced a comprehensive review of the Income Tax Act 1961 in the Union Budget 2024-25 on July 23. He also told the finance minister that 6,500 valuable suggestions have been received through the portal since it was opened …

Tax Income Tax Act Income Review Sitharaman Act Cbdt

2 months, 2 weeks ago

New ROR Act Will Be Role-Model for the Country: Ponguleti

Deccan Chronicle

Hyderabad: Revenue Minister Ponguleti Srinivas Reddy said that a pilot project was underway in Tirumalagiri of Nalgonda district and Yacharam in Rangareddy district to test the features of the Revenue Act, 2024. Explaining that the government will first solve problems that do not involve financial burdens but address the issue of promotions forthwith, he said, 33 officials will be given …

Reddy District

4 months ago

Unlocking philanthropic capital

Hindustan Times

India has always had a very rich tradition of giving. Philanthropy In the Union Budget 2024, the government has taken some positive steps towards rationalisation of charity tax provisions in the Income-tax Act, 1961 relating to administration and compliance of charitable institutions, through four specific amendments which can promote simplification, flexibility and scale for the not-for-profit sector: Simplification : Taxability …

India Philanthropy Budget Institutions Exemption Certain Conditions Provisions

4 months ago

Word 'Approved' By PCCIT For Reopening Of Assessment Not Enough, Reasons Necessary, Delhi High Court

Live Law

The Delhi High Court has held that mere appending of the word “approved” by the PCCIT while granting approval under Section 151 of the Income Tax Act to the reopening under Section 148 is not enough.The bench of Justice Yashwant Varma and Justice Ravinder Dudeja has observed that while the Principal Chief Commissioner of Income Tax is not required to …

Record Tax Income Tax Delhi High Court Order Income Approval

4 months ago

Income Declaration Scheme 2016, Assessee Deposited Amount, Dept. Claim Erroneous; Bombay High Court

Live Law

The Bombay High Court has directed the department to issue certificates as the assessee deposited all amounts under the Income Declaration Scheme, 2016.The bench of Justice G. S. Kulkarni and Justice Somasekhar Sundaresan has observed that the petitioner or assessee in fact complied with all the requirements under the IDS, and the appropriate amount of tax deposited is sufficient to. …

Tax Bombay High Court Department Deposited Petitioner Assessee Ids

4 months ago

Direct Tax Weekly Round-Up: 11 To 17 August 2024

Live Law

Delhi High Court Failure Of Dept. Value Of Shares Allotted Under Employees Stock Purchase Scheme Can't Be Treated As Perquisite As Per Sec 17: Delhi High Court Case Title: Ravi Kumar Sinha vs. CIT While emphasizing that no tax can be levied on notional income, the Delhi High Court held that Valuation Report obtained by employer could have no application …

Delhi Court Assessment Income Tax Title Income 2024

4 months, 1 week ago

Rajasthan High Court Quashes Income Tax Reassessment As Income Tax Dept. Failed To Hold Proper Investigation

Live Law

The Jaipur Bench of the Rajasthan High Court has quashed the income tax reassessment and held that the Income Tax Department had not done any investigation or held an inquiry. The bench of Justice Avneesh Jhingan and Justice Ashutosh Kumar has observed that the additions were made solely based on the order passed by the AO determining the value of …

Appeal Tax Court Customs Income Tax Order Income

4 months, 1 week ago

Direct Tax Weekly Round-Up: 4 To 10 August 2024

Live Law

Delhi High Court Amendment In Section 153C Income Tax Act Can't Be Interpreted For Revival Of Already Time Barred Proceedings: Delhi High Court Case Title: PCIT Versus Karina Airlines International Ltd. Reopening Based On Entirely New Material Deprives Taxpayer's Right To Object To Re-Assessment: Delhi High Court Case Title: Banyan Real Estate Fund Mauritius Verses Assistant Commissioner Of Income Tax …

Tax Court Income Tax Title Income Held High

4 months, 1 week ago

ITAT Declines To Stay Cancellation Of Exemption Notification To Legal Initiative For Forest And Environment Trust (LIFE)

Live Law

The Delhi Bench of Income Tax Appellate Tribunal has dismissed the stay application filed by assessee-LIFE Trust against the withdrawal/cancellation of registration for exemption granted under section 12A/12AA/12AB from FY 2013-14 onwards. The bench, Kul Bharat and Brajesh Kumar Singh, observed that the LIFE Trust, in association with Earth Justice, which is a USA-based organization, was involved in obstructing and …

Environment Trust Justice Legal Life Indian Registration

4 months, 2 weeks ago

Construction Of Public Library Forms Part Of Charitable Function, Eligible For Section 80G Exemption: Punjab & Haryana High Court

Live Law

The Punjab and Haryana High Court has held that the construction of public libraries forms part of a charitable function and is eligible for the exemption under Section 80G of the Income Tax Act.The bench of Justice Sanjeev Prakash Sharma and Justice Sanjay Vashisth has observed that the ancillary work, which may be carried out by the society for the …

Society Tax Income Punjab Act Petitioner Haryana High Court

4 months, 3 weeks ago

Tamil Nadu Advocates Welfare Fund Entitled For Income Tax Exemption: ITAT

Live Law

The Chennai Bench of Income Tax Appellate Tribunal has held that the Central Act is not applicable to the Tamil Nadu Advocates Welfare Fund and is eligible for Income Tax exemption.The bench of Manu Kumar Giri and S. R. Raghunatha has observed that since the assessee fund is enacted prior to the formation of the Central Act, namely the. The …

Welfare Tamil Nadu Income Tax Advocates Income Tamil State

5 months ago

Budget 2024 announcements on new tax regime: Standard deduction increased, check new tax slabs

India TV News

Finance Minister Nirmala Sitharaman on Tuesday presented her seventh straight Budget for the fiscal 2024-25. Informing that fiscal deficit estimated at 4.9% of GDP, Sitharaman said that the people have reposed their faith in the government led by PM Modi and re-elected it for the historic third term. Sitharaman said, "I announce a comprehensive review of the Income Tax Act …

Tax Sitharaman

5 months, 1 week ago

Farmers’ associations flag doubts about waiver clarifications

Deccan Chronicle

Hyderabad: Farmers groups, while welcoming the announcement to allow passbooks as the basis for availing farm loan waiver, have expressed fears that the other preconditions would deprive many of them of the benefits. First, the government had encouraged the formation of self-help groups, joint liability groups, Rythu Mitra groups but the GO in its clause 4.13 specifically exempted them from …

Farmers Groups Flag Doubts

5 months, 2 weeks ago

ITAT Half Yearly Digest: January To June 2024 - PART II

Live Law

Failure To Produce Share Certificate Is No Basis To Doubt Share Purchase Transaction: Mumbai ITAT Refers Art 265 Of Constitution Case Title: Shantaben Fathechand Mehta verses Income-tax Officer Referring to Article 265 of the Constitution of India, the Mumbai ITAT remanded the case to the file of AO with direction to verify factual aspects, pertaining to the purchase of the …

India Delhi Mumbai Kolkata Hyderabad Tax Customs

5 months, 3 weeks ago

Indirect Tax Cases Monthly Round Up: June 2024

Live Law

Bombay High Court Non-Communication Of SCN To Call Book Is Fatal; Bombay High Court Quashes SCNs Against ICICI Home Finance Citation: 2024 LiveLaw 305 Case Title: ICICI Home Finance Company Ltd. Slump Sale Doesn't Amount To Sale Of Goods Within MVAT Act: Bombay High Court Citation: 2024 LiveLaw 306 Case Title: Piramal Enterprises Limited Versus The State of Maharashtra The …

High Court Tax Bombay High Court Title Kerala High Court Order 2024

5 months, 4 weeks ago

Due Date For Filing Form 10AB Extended By CBDT; Bangalore ITAT Quashes Order Rejecting Section 80G Approval

Live Law

The Bangalore Bench of Income Tax Appellate Tribunal has quashed the order rejecting the approval under Section 80G of the Income Tax Act as the Central Board of Direct Taxes has extended the due date for filing Form 10A/10AB via press release dated April 25, 2024, to June 30, 2022.The bench of Beena Pillai and Laxmi Prasad Sahu has. The …

Tax Income Bangalore 2024 Date Form Filing

6 months ago

Absence Of Incriminating Materials, AO Not Empowered To Reopen Assessments In Block Period Of Six Years: Kerala High Court

Live Law

The Kerala High Court has held that based on the material obtained during the search, the Assessing Officer, who gets the jurisdiction to re-open the assessments, can do so in respect of the individual assessment years comprised in the block period of six years only if the material obtained during the search under Section 132 of the Income Tax Act, …

Tax Court Search Assessment Income Tax Kerala High Court Income

6 months ago

NEET irregularities | DMK Rajya Sabha MP urges Centre to order CBI probe, take action against concerned officials

The Hindu

DMK Rajya Sabha MP P. Wilson has urged Prime Minister Narendra Modi to amend The National Medical Commission Act 2019 in the upcoming Parliament sessions, and to abolish the National Eligibility cum Entrance Test and give up the proposed National Exit Test and allow individual States to manage their medical admission procedures. In a post on X, Mr. Wilson said …

Cbi Wilson Neet

6 months, 1 week ago

ITAT Calcutta Allows Exemption Registration To Income Tax Bar Association, Sets Aside CIT Order

Live Law

The Calcutta Bench of Income Tax Appellate Tribunal has allowed the exemption registration to the income tax bar association as the registration application was not time-barred.The bench of Rajpal Yadav and Sanjay Awasthi has observed that the procedure adopted by the CIT was incorrect to grant a provisional certificate to the assessee. The amendments were notified to the Income Tax …

Tax Income Tax Registration Bar Application Income Act

6 months, 2 weeks ago

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Live Law

Delhi High Court Once Issue Of Arm's Length Remuneration Settled By TPO, Question Of Ascertaining Existence Of PE Is Academic; Delhi High Court Quashes Reassessment Proceedings Case Title: Progress Rail Locomotive Inc. Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court Case Title: Commissioner Of Income Tax Versus M/S Jamnalal …

Tax Customs Income Tax Title Delhi High Court Income Tribunal

6 months, 2 weeks ago

Section 80G Deduction Allowable On CSR Expenditure: ITAT

Live Law

The Mumbai Bench of Income Tax Appellate Tribunal has held that the deduction under Section 80G of the Income Tax Act is allowable on the expenditure in respect of corporate social responsibility.The bench of Kavitha Rajagopal and Om Prakash Kant has observed that the amendment brought about by the Finance Act, 2015, to Section 80G of the. The Mumbai Bench …

Tax Income Act Deduction Itat Assessee Section 80

7 months, 1 week ago

No Change In Opening And Closing Stock Of NCDs; Bombay High Court Quashes Reassessment Notice

Live Law

The Bombay High Court has quashed the reassessment notices as there was no change in the opening and closing stock of the non-convertible debts.The Bench of Justice K. R. Shriram and Justice Neela Gokhale has observed that the reopening of assessment by the notice was merely on the basis of a change of opinion of the AO. The Bombay High …

Opinion Change Tax Assessment Income Notice Opening

7 months, 1 week ago

Direct Tax Cases Weekly Round-Up: 5 To 11 May 2024

Live Law

Supreme Court Case Name- All India Bank Officers' Confederation Vs The Regional Manager, Central Bank Of India & Others Citation : 2024 LiveLaw 352 A Division bench of the Supreme Court comprising of Justice Sanjiv Khanna and Justice Dipankar Datta while deciding a Civil Appeal in the case of All India Bank Officers' Confederation Vs The Regional Manager, Central Bank …

India Tax Title Income Held High Act

7 months, 3 weeks ago

Income Tax Authority Should Refrain From Over Analysis Which Leads To Paralysis Of Justice: Bombay High Court

Live Law

The Bombay High Court, while setting aside the order of the Income Tax Appellate Tribunal, held that the authority should refrain from overanalyzing, which leads to paralysis of justice.The bench of Justice K. R. Shriram and Justice Neela Gokhale has observed that the ITAT failed to appreciate the spirit in which the order dated August 23, 2022, was passed by …

Justice Tax Court Bombay High Court Assessment Income Tax Application

7 months, 4 weeks ago

BJP welcomes SC verdict on pleas seeking 100% EVM-VVPAT cross-verification

Hindustan Times

The Bharatiya Janata Party welcomed Friday’s Supreme Court judgment where the apex court affirmed the credibility of Electronic Voting Machines and their integration with Voter Verifiable Paper Audit Trails while rejecting petitions that demanded 100% cross-verification of votes cast on EVMs with the VVPATs or going back to the ballot paper system. Union minister of state for law & justice …

Congress Vvpat Evm

8 months, 2 weeks ago

Cross-Examination Necessary For Arriving At Fair Trial, It Is Not Whims Of Adjudicating Authority To Allow Or Reject Request: CESTAT

Live Law

The Ahmedabad bench of the Customs, Excise, and Service Tax Appellate Tribunal has held that cross-examination is necessary for arriving at a fair trial.The bench of Ramesh Nair and Raju has observed that, as per Section 9D of the Central Excise Act, it is not the whims of the adjudicating authority to allow or reject the request. The Ahmedabad bench …

Fair Trial Excise Appellant Request Cestat Section 9D

8 months, 2 weeks ago

Direct Tax Cases Quarterly Digest 2024

Live Law

Supreme Court Case Title: Herbicides India Limited vs ACIT 2024 LiveLaw 44 While setting aside the Rajasthan High Court orders, the Supreme Court restored the assessee's appeals by condoning the delay in filing the paper-book before High Court and observed that the assessee is entitled to have his appeals heard on merits. AO Lacks Jurisdiction To Pass Draft Assessment Order …

High Court Tax Court Citation Income Tax Title Delhi High Court

8 months, 2 weeks ago

Direct Tax Cases Weekly Round-Up: 31 March To 6 April 2024

Live Law

Delhi High Court Case Title: Valley Iron & Steel Co.Ltd Versus PCIT The Delhi High Court has held that income tax additions made towards unsubstantiated share capital are eligible for deduction under Section 80-IC of the Income Tax Act. Case Title: Senapati Santaji Ghorpade Sugar Factory Versus Assistant Commissioner of Income Tax The Bombay High Court has held that retrospective …

Kerala Tax Court Income Tax Title Kerala High Court Income

8 months, 3 weeks ago

Direct Tax Cases Monthly Round Up: March 2024

Live Law

Delhi High Court Case Title: PCIT Versus M/S Clix Finance India Pvt. Patna High Court Case Title: Purnendu Shekhar Sinha Versus The Union Of India LL Citation: 2024 LiveLaw 23 The Patna High Court has held that differentiation between government employees and other employees for leave encashment exemption is neither discriminatory nor violative of Article 14 of the Constitution of …

India Tax Court Title Income Held High

8 months, 3 weeks ago

Fears not-for-profit organisations don't have time or expertise to adapt to new ATO tax rules

ABC

In short: A new tax rule has some not-for-profit organisations concerned about their futures. Under the changes, not-for-profit organisations must notify the tax office of their tax exemption status or start paying income tax. From July 1, such organisations must notify the tax office of their tax exemption status for the first time, or start paying income tax. "From 1 …

Tax Income Tax Changes Houses House Organisations Ato

9 months ago

Indirect Tax Cases Weekly Round-Up: 17 To 23 March 2024

Live Law

Supreme Court Case Title: M/s Global Technologies and Research versus Principal Commissioner of Customs, New Delhi Citation : 2024 LiveLaw 239 Recently, the Supreme Court held that under the Customs Act, the Importer's Bill of Entry of subsequent imported goods can be discarded if the subsequent imported goods are undervalued to the previously imported identical or similar goods. Allahabad High …

Tax Court Customs Title Service 2024 State

9 months ago

Stop Paying IT of CM and Ministers, Forum for Good Governance Urges CS

Deccan Chronicle

Hyderabad: The Forum for Good Governance has written to the Chief Secretary seeking that the state government should paying the income tax of the Chief Minister, his cabinet colleagues and advisors with cabinet ranks as thy already enjoy many privileges. The exemption, they said, was being made under clause, Section 3 of the AP payment of salaries and removal of …

Urges Cs

9 months, 1 week ago

Claim Seeking Application Of Income For Charitable Purpose U/s 11 & 12 Can't Be Denied To Trust On Mere Technicalities: Delhi ITAT

Live Law

The New Delhi ITAT emphasized that the Revenue Authorities have to tax the right person in right manner and shall not disallow the eligible deductions on mere technicalities. The Bench of M. Balaganesh and Yogesh Kumar U.S observed that “the Revenue has rejected the plea of the Assessee based on mere technicalities and it is not the case of the …

Purpose Application Income Audit Report Bench Itat

9 months, 1 week ago

Prima Facie Adjustment Made By CPC Towards Deduction U/s 80P Prior To Apr 01, 2021 Is Beyond Its Jurisdiction: Kolkata ITAT

Live Law

The Kolkata ITAT ruled that section 80AC of the Income tax Act puts a bar against claiming of deduction in respect of certain income provided under the head of Chapter VIA which includes section 80P of the Act also if the return of income are not filed before the due date prescribed u/s. The return filed by assessee was processed …

Income Cpc Act Bench Deduction Itat Prima

Charitable trusts, NPOs must file IT returns, says top IT official

History of this topic

Exemption Allowable On Donations Made By One Charitable Trust To Other Charitable Institutions For Temporary Period: Delhi High Court

Tax Cases Weekly Round-Up: 05 November To 11 November, 2023

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