![Exemption u/s 11 & 12 of Income Tax Act Denied Without Prior Notice through Portal: Karnataka HC Suspends Recovery [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Exemption-Income-Tax-Act-Income-Tax-Act-Denied-Income-Tax-Act-Denied-Without-Prior-Notice-Prior-Notice-Portal-Karnataka-High-court-Karnataka-HC-Suspends-Recovery-Suspends-Recovery-taxscan.jpg "Exemption u/s 11 & 12 of Income Tax Act Denied Without Prior Notice through Portal: Karnataka HC Suspends Recovery [Read Order]")
Exemption u/s 11 & 12 of Income Tax Act Denied Without Prior Notice through Portal: Karnataka HC Suspends Recovery [Read Order]
The High Court of Karnataka has suspended the recovery of demand till the disposal of the appeal finding that the denial of exemption under Sections...
![Supreme Court delivers Split Verdict on Tax Holiday Exemption Applicability on Legitimate Expectation [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Supreme-Court-Applicability-of-Tax-Exemption-legitimate-expectation-tax-holiday-exemption-applicability-Taxscan.jpg "Supreme Court delivers Split Verdict on Tax Holiday Exemption Applicability on Legitimate Expectation [Read Order]")
![Assessee Misguided by Professional in Appellate Proceedings: ITAT remands Farmers Exemption Claim u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Misguided-by-Professional-in-Appellate-Proceedings-ITAT-Exemption-Claim-TAXSCAN.jpg "Assessee Misguided by Professional in Appellate Proceedings: ITAT remands Farmers Exemption Claim u/s 54F [Read Order]")
![No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Exemption-No-Exemption-Preceding-Year-Purchase-of-Fixed-Assets-Fixed-Assets-ITAT-addition-Income-Tax-taxscan.jpg "No Exemption Claimed in the Preceding Year on the Purchase of Fixed Assets: ITAT deletes addition made u/s 143(1) [Read Order]")
Termination of Employment due to Misconduct is not beyond the control of Assessee: ITAT refuses Exemption u/s 10(38) to Employee
The Bangalore bench of the Income Tax Appellate Tribunal (ITAT) has held that termination of employment due to misconduct is not beyond the control of assesses and refused to allow an exemption under...
Exemption u/s 10(38) cannot be Disallowed when Transaction is Not Declared as Penny Stock: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that exemption under Section 10(38) of Income Tax Act, 1961 could not be disallowed when a transaction is not...
![Exemption u/s 10(38) cannot be Disallowed when Transaction is Not Declared as Penny Stock: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Exemption-Disallowed-Transaction-Penny-Stock-ITAT-Income-Tax-Taxscan.jpg "Exemption u/s 10(38) cannot be Disallowed when Transaction is Not Declared as Penny Stock: ITAT [Read Order]")
Denying Exemption u/s 80P of IT Act merely on ground of Belated Filing of Return Is not Justifiable [Read Order]
While a bench of appeal filed by the assessee the Rajkot bench of Income Tax Appellate Tribunal (ITAT) has held that Denying exemption under section 80P Income Tax Act 1961 merely on ground of...
![Denying Exemption u/s 80P of IT Act merely on ground of Belated Filing of Return Is not Justifiable [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Denying-Exemption-Exemption-Income-Tax-Act-IT-Act-Filing-of-Return-Justifiable-Taxscan-.jpg "Denying Exemption u/s 80P of IT Act merely on ground of Belated Filing of Return Is not Justifiable [Read Order]")
Value of Goods Exceed 25% than supply- Service of Milling Wheat into Flour Eligible for GST Exemption: AAR [Read Order]
The West Bengal Authority for Advance Ruling (AAR) has held that the service of milling wheat into flour would be eligible for Goods and Service Tax (GST) exemption as the value of goods had exceeded...
![Value of Goods Exceed 25% than supply- Service of Milling Wheat into Flour Eligible for GST Exemption: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Value-of-Goods-Exceed-supply-Service-Milling-Wheat-Flour-GST-Exemption-AAR-Taxscan.jpg "Value of Goods Exceed 25% than supply- Service of Milling Wheat into Flour Eligible for GST Exemption: AAR [Read Order]")
Failure to Satisfy Condition of Advancement of Any Other Object of General Public Utility Curbs to Avail Benefit of Exemption u/s 11: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that failure to satisfy the condition of advancement of any other object of general public utility curbs to avail the benefit of...
![Failure to Satisfy Condition of Advancement of Any Other Object of General Public Utility Curbs to Avail Benefit of Exemption u/s 11: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Condition-of-Advancement-Object-of-General-Public-Utility-Curbs-General-Public-Utility-Curbs-Benefit-of-Exemption-Exemption-ITAT-Taxscan.jpg "Failure to Satisfy Condition of Advancement of Any Other Object of General Public Utility Curbs to Avail Benefit of Exemption u/s 11: ITAT [Read Order]")
Applicability of Higher Rebate Limit and Slab Changes in Old and New Income Tax Regimes: Know before you choose [Read Finance Bill]
The Union Budget 2023, presented by Finance Minister Nirmala Sitharaman has introduced some major changes to the rebate rate limits favorable to the middle-income earners along with some slab...
Malafide Intention of Employee cannot be Attributed to Employer: CESTAT deletes Personal Penalty [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), deleted personal penalty and ruled that malafide intention of the employee cannot be attributed to the employer. The appellant,...
![Malafide Intention of Employee cannot be Attributed to Employer: CESTAT deletes Personal Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Malafide-Intention-of-Employee-Employer-CESTAT-Personal-Penalty-Taxscan.jpg "Malafide Intention of Employee cannot be Attributed to Employer: CESTAT deletes Personal Penalty [Read Order]")