![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]")
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...
![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]](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]](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]")
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]")
![No GST Exemption to Parts and Accessories of Hearing Aid: AAAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/GST-Exemption-Parts-Accessories-of-Hearing-Aid-AAAR-TAXSCAN.jpg "No GST Exemption to Parts and Accessories of Hearing Aid: AAAR [Read Order]")
No VAT on Textile Fabrics After Exemption from Additional Duties of Excise Act: Orissa HC Quashes VAT Demand [Read Order]
While quashing the VAT orders demanding tax on textile fabrics, a division bench of the Orissa High Court has held that the exemption from Additional Duties of Excise Act provided to textile fabrics...
![No VAT on Textile Fabrics After Exemption from Additional Duties of Excise Act: Orissa HC Quashes VAT Demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/VAT-Demand-VAT-Textile-Fabrics-No-VAT-on-Textile-Fabrics-Exemption-Additional-Duties-of-Excise-Act-Excise-Act-Orissa-High-Court-taxscan-.jpg "No VAT on Textile Fabrics After Exemption from Additional Duties of Excise Act: Orissa HC Quashes VAT Demand [Read Order]")
![Trademark Registered in Family Members’ Name, not a Ground to Deny SSI Exemption: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Trademark-Registered-Family-Members-Name-Deny-SSI-Exemption-CESTAT-Taxscan.jpg "Trademark Registered in Family Members’ Name, not a Ground to Deny SSI Exemption: CESTAT [Read Order]")
Bonafide belief in eligibility of Exemption being Governmental work: CESTAT sets aside Service Tax demand [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench set aside service tax demand as there was bonafide belief in eligibility of exemption being Governmental work. The...
![Bonafide belief in eligibility of Exemption being Governmental work: CESTAT sets aside Service Tax demand [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Bonafide-belief-Exemption-Governmental-work-CESTAT-Customs-Excise-Service-Tax-Service-Tax-demand-taxscan.jpg "Bonafide belief in eligibility of Exemption being Governmental work: CESTAT sets aside Service Tax demand [Read Order]")
Relief to Lenovo: CESTAT allows benefit of Exemption from Additional Duties of Customs to Hard Disk drives [Read Order]
While granting relief to Lenovo, the Mumbai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) allowed the benefit of exemption from additional duties of customs to hard disk...
![Relief to Lenovo: CESTAT allows benefit of Exemption from Additional Duties of Customs to Hard Disk drives [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Lenovo-CESTAT-benefit-Exemption-Additional-Duties-Customs-Hard-Disk-drives-taxscan.jpg "Relief to Lenovo: CESTAT allows benefit of Exemption from Additional Duties of Customs to Hard Disk drives [Read Order]")
![Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Unregistered-Claim-Income-Tax-Exemption-Donations-ITAT-TAXSCAN.jpeg "Unregistered Trusts can Claim Income Tax Exemption of Corpus Donations: ITAT [Read Order]")