![ITAT Restores 10(23C)(vi) Exemption to Education Trust: Finds No Evidence of Personal Benefit or Misuse of Funds [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/500x300_2108600-itat-exemption-education-funds-taxscan.webp "ITAT Restores 10(23C)(vi) Exemption to Education Trust: Finds No Evidence of Personal Benefit or Misuse of Funds [Read Order]")
ITAT Restores 10(23C)(vi) Exemption to Education Trust: Finds No Evidence of Personal Benefit or Misuse of Funds [Read Order]
The Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of Scholars Education Trust of India, restoring the exemption...
![Income Tax Dept cannot Recover beyond 20% of Disputed Demand by Adjusting Refund: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/250x150_2110451-income-tax-dept-disputed-demand-refund-calcutta-hc-taxscan.webp "Income Tax Dept cannot Recover beyond 20% of Disputed Demand by Adjusting Refund: Calcutta HC [Read Order]")
![STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/250x150_2109845-stpi-total-income-madras-hc-it-act-profits-taxscan.webp "STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]")
![₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/250x150_2109802-icai-ca-taxscan.webp "₹849 Crore Remittance Allegations Fail: ICAI Finds No Lapse by CAs in Form 15CB Issuance [Read Order]")
![Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]](https://images.taxscan.in/h-upload/2025/12/02/250x150_2109516-0945e0b7-7197-4e66-a86f-fabf4f56bfbb.webp "Punjab & Haryana HC Remands Educational Institutions’ Income Tax Exemption Pleas for Reconsideration after SC Clarification [Read Order]")
![Nine-Month Delay in Filing Revised ITR Too Huge: Delhi HC refuse to Condone Delay [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/500x300_2108754-itr-late-fees-interest-penal-action-taxscan.webp "Nine-Month Delay in Filing Revised ITR Too Huge: Delhi HC refuse to Condone Delay [Read Order]")
Prolonged Trustee Suspension, Sealed Records Left Trust Unable to File Returns: Bombay HC Condones Delay for Six Assessment Years [Read Order]
The Bombay High Court held that prolonged trustee suspension, sealed records, and administrative takeover of a charitable trust constituted genuine hardship warranting condonation of delay in filing...
![Prolonged Trustee Suspension, Sealed Records Left Trust Unable to File Returns: Bombay HC Condones Delay for Six Assessment Years [Read Order]](https://images.taxscan.in/h-upload/2025/11/27/500x300_2108372-whatsapp-image-2025-11-27-at-53341-pmjpeg.webp "Prolonged Trustee Suspension, Sealed Records Left Trust Unable to File Returns: Bombay HC Condones Delay for Six Assessment Years [Read Order]")
Sale Proceeds Recorded in Books Cannot be Recharacterized as Unexplained Cash Credit: ITAT Deletes Addition [Read Order]
The Visakhapatnam Bench of the Income Tax Appellate Tribunal (ITAT) has held that once the books of accounts and the resultant trading results are accepted by the Assessing Officer (AO), a portion ...
![Sale Proceeds Recorded in Books Cannot be Recharacterized as Unexplained Cash Credit: ITAT Deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/11/25/500x300_2107947-sale-proceeds-cash-credits.webp "Sale Proceeds Recorded in Books Cannot be Recharacterized as Unexplained Cash Credit: ITAT Deletes Addition [Read Order]")
Hindu Undivided Family (HUF): An Analysis of Structure, Taxation, and Compliance under the Income Tax Act, 1961
I. Statutory and Operational Foundation of the HUF A. Defining the Hindu Undivided Family (HUF) The Hindu Undivided Family (HUF) constitutes a distinct and unique legal entity within the...
ITAT dismisses Appeal as Withdrawn after Assessee opts for Settlement of Dispute under DTVSV Scheme [Read Order]
The Kolkata Bench of Income Tax Appellate Tribunal (ITAT), dismissed an appeal filed by the assessee, after she chose to settle the dispute under the Direct Tax Vivad Se Viswas (DTVSV) Scheme, 2024....
![ITAT dismisses Appeal as Withdrawn after Assessee opts for Settlement of Dispute under DTVSV Scheme [Read Order]](https://images.taxscan.in/h-upload/2025/10/28/500x300_2100546-itat-dtvsv-scheme-taxscan.webp "ITAT dismisses Appeal as Withdrawn after Assessee opts for Settlement of Dispute under DTVSV Scheme [Read Order]")