Read all Latest Updates on and about Section 12A of the Income Tax Act

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ITAT Acknowledges Assessee’s Non-Appearance Due to Medical Emergency: Restores 80G Approval Matter to CIT(E) [Read Order]

Saagarika Gopinath

The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has set aside the cancellation of registration under Section 80G of the Income Tax...

Profits from Kuri Business Held Under Trust Eligible for Exemption u/s 11 of ITA: ITAT [Read Order]

ITAT Condones 224-Day Delay: Remands Modi Charitable Trust’s 12A & 80G Applications Over...

Delay in Filing Form 10B Does Not Bar Exemption under Sections 11 & 12 of ITA: ITAT [Read Order]

ITAT Sets Aside Rejection of 12A Application: Trust Gets Another Chance to Prove Genuineness [Read...

Charitable Institution Delayed Filing Form 10B Due to COVID-19 Disruption: Orissa HC Condones 76-Day Delay [Read Order]

The Orissa High Court has condoned a 76-day delay in filing the Audit Report in Form 10B for the Assessment Year 2020-21 by Action Research for Health and Socio-economic Development, a charitable...

Charitable Institution - Delayed Filing Form 10B - Form 10B - taxscan

ITAT Grants Relief to Charitable Trust, Orders Fresh Hearing on Registration After Trust Deed Modifications [Read Order]

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has set aside the order of the Commissioner of Income Tax (Exemptions) rejecting the registration of Krishnavi Charitable Trust under...

Corpus Contributions to Section 12A Registered Trust Not Taxable, Treated as Capital Receipts: ITAT [Read Order]

The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the appeal filed by the revenue holding that Corpus contributions to registered trust under section 12A not taxable and...

Inadequate Opportunity of hearing: ITAT restores addition due to Delayed ITR filing matter for fresh adjudication [Read Order]

The Cochin Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter to the CIT(A) for fresh adjudication, holding that the assessee was not afforded sufficient opportunity of hearing in...

ITAT Weekly Round-Up [April 27th- May 2nd]

This weekly round-up analytically summarises the key stories related to the Income Tax Appellate Tribunal (ITAT) reported at Taxscan during the previous week, from April 27th to May 2nd ITAT...

Trust’s Rejection Order Lacks Date and Proper Service of Notices: ITAT remands 12A Registration Matter back to CIT(E) [Read Order]

In a recent ruling, the Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) remanded a trust registration case under section 12A of the Income Tax Act, 1961, holding that the Commissioner of...

Surcharge Applies Only When Income Tax Is Computed on Total Income Exceeding ₹50 Lakhs: ITAT [Read Order]

The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) recently ruled that surcharge under the Income Tax Act, 1961 applies only when the income tax is computed on total income exceeding ₹50...