![Trust Created for Benefit of Particular Community or Religious Group is not ‘Charitable Trust’: ITAT Denies Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Tax-Exemption-Taxscan.jpg "Trust Created for Benefit of Particular Community or Religious Group is not ‘Charitable Trust’: ITAT Denies Tax Exemption [Read Order]")
Trust Created for Benefit of Particular Community or Religious Group is not ‘Charitable Trust’: ITAT Denies Tax Exemption [Read Order]
The Hyderabad bench of ITAT has denied the tax exemption of said concern and said that Trust created for benefit of a particular community or a...
![Assessing Officer has No Power to Review Original Assessment without any Fresh Tangible Material: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/02/Assessing-Officer-Taxscan-1.jpg "Assessing Officer has No Power to Review Original Assessment without any Fresh Tangible Material: Punjab & Haryana HC [Read Judgment]")
![Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Share-Capital-Taxscan.jpg "Interest on Fixed Deposits on Money Received in respect of Share Capital is not Assessable as ‘Other Income’: ITAT [Read Order]")
![Provisions of Deemed Dividend not applicable to Current Account Transactions: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Deemed-Dividends-Taxscan.jpg "Provisions of Deemed Dividend not applicable to Current Account Transactions: ITAT [Read Order]")
Allahabad HC deletes Addition u/s 69 since Transactions were at Normal Selling Rates and were Properly backed by Sales Tax Forms issued by Parties [Read Order]
The Allahabad High Court has deleted the addition made by the Assessing Officer under Section 69 of the Income Tax Act 1961 since transactions were at normal selling rates and were properly backed by...
![Allahabad HC deletes Addition u/s 69 since Transactions were at Normal Selling Rates and were Properly backed by Sales Tax Forms issued by Parties [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Allahabad-High-Court-Taxscan.jpg "Allahabad HC deletes Addition u/s 69 since Transactions were at Normal Selling Rates and were Properly backed by Sales Tax Forms issued by Parties [Read Order]")
Major Data Gaps between Self-declared Liability in FORM GSTR-1 and FORM GSTR-3B: GST Council recommends Adequate Action
In the 26th meeting held here today, the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The...
Penalty Notice issued without stating Reasons for Furnishing Inaccurate particulars, Concealment of Wealth is Invalid: ITAT [Read Order]
In T.S.Kalyana Chakravarthy v. Dy Director of Wealth Tax IT & TP, the. Visakhapatnam bench of the Income Tax Appellate Tribunal (ITAT) recently held that the penalty notice can be issued under...
Sharing of Cost b/w Husband and Wife Irrelevant for S. 54F: ITAT Denies Capital Gain Exemption to Wife since Husband is Legal Owner as per Sale Deed [Read Order]
While hearing the case between Raghuram P Nambyar and Assistant Commissioner of Income Tax, Bangalore bench of Income Tax Appellate Tribunal (ITAT) recently held that sharing of cost between husband...
![Sharing of Cost b/w Husband and Wife Irrelevant for S. 54F: ITAT Denies Capital Gain Exemption to Wife since Husband is Legal Owner as per Sale Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Capital-Gain-Tax-Taxscan.jpg "Sharing of Cost b/w Husband and Wife Irrelevant for S. 54F: ITAT Denies Capital Gain Exemption to Wife since Husband is Legal Owner as per Sale Deed [Read Order]")
![Commission / Brokerage not Actually Received by Assessee is not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/03/Commission-Taxscan.jpg "Commission / Brokerage not Actually Received by Assessee is not Taxable: ITAT [Read Order]")