Pre-condition to Proviso (2) of Section 12A(2) of Income Tax Act not Satisfied : ITAT Denies Income Tax Exemption to Charitable Trust
The Raipur Bench of Income Tax Appellate Tribunal (ITAT) held that in absence of satisfaction of the pre-condition contemplated in the “2nd proviso”...
![Rejection of Application of Charitable Trust for Registration by Non- Application of Mind is not Sustainable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Rejection-of-Application-of-Charitable-Trust-Registration-by-Non-Application-of-Mind-Charitable-Trust-ITAT-Non-Application-of-Mind-Rejection-of-Application-taxscan.jpg "Rejection of Application of Charitable Trust for Registration by Non- Application of Mind is not Sustainable: ITAT [Read Order]")
![Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Cancellation-of-Registration-of-Charitable-Trust-Cancellation-of-Registration-Charitable-Trust-Income-Tax-Act-PCIT-Jurisdiction-is-Invalid-taxscan.jpg "Cancellation of Registration of Charitable Trust u/s 12 AB(4) of Income Tax Act by PCIT not having Jurisdiction is Invalid: ITAT [Read Order]")
![Registration u/s 12AA of Income Tax Act cant be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Registration-Income-Tax-Act-Income-Tax-Charitable-Trust-Trust-imparting-Education-Education-ITAT-Taxscan.jpg "Registration u/s 12AA of Income Tax Act cant be denied if Charitable Trust is genuinely performing its object of imparting Education: ITAT [Read Order]")
![ITAT directs readjudication for granting exemption u/s 10(23C)(iiiab) of Income Tax Act in respect of Imparting Education through Charitable Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-directs-readjudication-granting-exemption-readjudication-Income-Tax-Act-exemption-Charitable-Trust-taxscan.jpg "ITAT directs readjudication for granting exemption u/s 10(23C)(iiiab) of Income Tax Act in respect of Imparting Education through Charitable Trust [Read Order]")
Amount given for Admission is not Donation to Charitable Trust: ITAT Confirms Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench, confirmed the income tax addition of 6 Lakhs given for the admission in college is not donation to charitable trust and thus is taxable. The...
![Amount given for Admission is not Donation to Charitable Trust: ITAT Confirms Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Amount-given-for-Admission-is-not-Donation-to-Charitable-Trust-ITAT-Confirms-Income-Tax-Addition-TAXSCAN.jpg "Amount given for Admission is not Donation to Charitable Trust: ITAT Confirms Income Tax Addition [Read Order]")
Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that mere non-furnishing of a copy of the registration of charitable Trust under Section 12A of the Income Tax Act cannot be a reason...
![Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-Non-Furnishing-of-Copy-of-Registration-of-Charitable-Trust-Charitable-Trust-Income-Tax-Act-Exemption-ITAT-Sets-Aside-Order-ITAT-Order-Taxscan.jpg "Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]")
Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has denied income tax exemption holding that organising drama on commercial basis by charitable trust was a commercial activity. The...
![Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Organizing-Drama-Drama-Drama-on-Commercial-Basis-Charitable-Trust-Commercial-Activity-Income-Tax-Exemption-Income-Tax-ITAT-taxscan-.jpg "Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]")
Profits and Gains from Pharmacy Business Incidental to Business of Charitable Trust: ITAT Allows Accumulation at 15% [Read Order]
The Ahmedabad Income Tax appellate tribunal (ITAT) allowed 15 percent accumulation on profits and gains from pharmacy business incidental to business of charitable trust. Assessee Shree...
![Profits and Gains from Pharmacy Business Incidental to Business of Charitable Trust: ITAT Allows Accumulation at 15% [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Profits-and-Gains-Pharmacy-Business-Incidental-Charitable-Trust-Business-of-Charitable-Trust-ITAT-taxscan.jpg "Profits and Gains from Pharmacy Business Incidental to Business of Charitable Trust: ITAT Allows Accumulation at 15% [Read Order]")
CBDT Notifies New Forms for Audit Reports by Charitable or Religious Trusts and Other Institutions [Read Notification]
The Central Board of Direct Taxes (CBDT), on Tuesday, notified new Form 10B and Form 10BB that are required to be furnished by charitable or religious trusts, institutions, universities, or other...
![Registration of Charitable Trust cannot be Cancelled with Retrospective Effect: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Registration-Registration-of-Charitable-Trust-Retrospective-Effect-ITAT-Taxscan.jpg "Registration of Charitable Trust cannot be Cancelled with Retrospective Effect: ITAT [Read Order]")