![Hostel Facility by Charitable Educational Trust cannot be Separate Business: Allahabad HC allows Income Tax Exemption [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/06/Hostel-Facility-Charitable-Educational-Trust-Allahabad-High-Court-Income-Tax-Exemption-Taxscan.jpeg "Hostel Facility by Charitable Educational Trust cannot be Separate Business: Allahabad HC allows Income Tax Exemption [Read Judgment]")
Hostel Facility by Charitable Educational Trust cannot be Separate Business: Allahabad HC allows Income Tax Exemption [Read Judgment]
The Allahabad High Court while allowing the Income Tax Exemption under Section 11(1) held that the hostel facility by Charitable Educational Trust...
![Relief to Monster.com: ITAT deletes Addition towards Unmatured Income [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Monster.com-ITAT-unmatured-income-Taxscan.jpeg "Relief to Monster.com: ITAT deletes Addition towards Unmatured Income [Read Order]")
![Depreciation allowable as Application of Income on Charitable Objects: Madras High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/06/Depreciation-income-charitable-objects-Madras-High-Court-Taxscan.jpg "Depreciation allowable as Application of Income on Charitable Objects: Madras High Court [Read Judgment]")
![Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Sale-of-Property-Real-Estate-Agent-Business-Income-ITAT-Taxscan.jpeg "Income from Sale of Property received by Real Estate Agent Taxable as Business Income: ITAT [Read Order]")
AO can Reopen Assessment if he has 'reason to believe' any Income chargeable to Tax has escaped: ITAT
The Income Tax Appellate Tribunal (ITAT), Delhi Bench ruled that the Assessing Officer can reopen assessment if he reason to believe any income chargeable to tax has escaped. The assessing officer...
Income from Letting out of Steel Units and Quarters along with Land constitutes House Property Income: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench, while applying the rule of consistency, held that the income received by a Company through letting out of Steel Units and Quarters along with...
Assessing Officer lacks material to suggest payment made in Cash and received same amount back through RTGS: Gujarat HC [Read Order]
The Gujarat High Court ruled that the Assessing officer lacked material to suggest payment made in cash and received the same amount back through the RTGS. The writ applicant, Purshottambhai...
![Assessing Officer lacks material to suggest payment made in Cash and received same amount back through RTGS: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/AO-RTGS-Gujarat-High-Court-Taxscan.jpg "Assessing Officer lacks material to suggest payment made in Cash and received same amount back through RTGS: Gujarat HC [Read Order]")
ITAT adopts Principles of Consistency and uniformity on Co-owners subjected differently by Revenue Dept. [Read Order]
The Income Tax Appellate Tribunal (ITAT) Hyderabad adopted the principle of consistency and uniformity on co-owners who were subjected differently by the Revenue Department as the department denied...
![ITAT adopts Principles of Consistency and uniformity on Co-owners subjected differently by Revenue Dept. [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/ITAT-principles-of-consistency-Revenue-Department-Taxscan.jpg "ITAT adopts Principles of Consistency and uniformity on Co-owners subjected differently by Revenue Dept. [Read Order]")
TDS on Indirect Transfer of Capital Assets deriving Value substantially from Assets situate in India prior to Retrospective Amendments hit by Doctrine of Impossibility: ITAT
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench ruled that the TDS on indirect transfer of capital assets deriving value substantially from assets situated in India prior to retrospective...
Assessee to be given a Fair Opportunity to explain his position on proposed Additions/Disallowances: Delhi HC stays Assessment order against SAS Fininvest
The Delhi High Court while staying the assessment order against SAS Fininvest ruled that the assessee to be given a fair opportunity to explain his position on proposed additions/disallowances. ...
