Income Tax Case Digest: Addition on Cash Deposits - Part 2
Unexplained cash deposits have been a focal point of scrutiny in the Indian income tax framework. Section 69A of the Income Tax Act, 1961, is a...
![ITAT Allows Withdrawal of Duplicate Appeal due to Duplication of Appeal Numbers for AY 2020-21 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Income-Tax-ITAT-Delhi-Income-Tax-Appellate-Tribunal-Duplicate-appeal-cases-TAXSCAN.jpg "ITAT Allows Withdrawal of Duplicate Appeal due to Duplication of Appeal Numbers for AY 2020-21 [Read Order]")
![ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-Legitimacy-of-Cash-Deposits-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-The-Assessing-Officer-agriculturist-in-Gujarat-Cash-Deposits-from-Land-Sale-Taxscan.jpg "ITAT Deletes Rs. 52.4 Lakh Addition, Confirms Legitimacy of Cash Deposits from Land Sale [Read Order]")
![Trusts Appeal Partly Allowed: ITAT Remits Matter to CIT(E) for Fresh Consideration of Registration Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Jaipur-Income-Tax-Appellate-Tribunal-ITAT-CIT-cases-TAXSCAN.jpg "Trusts Appeal Partly Allowed: ITAT Remits Matter to CIT(E) for Fresh Consideration of Registration Application [Read Order]")
Charitable Institution's Activities Prima Facie Not Classified as Supply or Business Under CGST Act: Delhi HC [Read Order]
The Delhi High Court observed that the activities undertaken by charitable institutions were prima facie not classified as "supply" or "business" under the Central Goods and Services Tax ( CGST )...
![Charitable Institutions Activities Prima Facie Not Classified as Supply or Business Under CGST Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/GST-GST-Act-CGST-Act-Delhi-High-Court-Delhi-HC-ruling-on-charitable-activities-TAXSCAN.jpg "Charitable Institutions Activities Prima Facie Not Classified as Supply or Business Under CGST Act: Delhi HC [Read Order]")
S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) restored income tax matters to grant Final Registration under Section 12AB of the Income Tax Act, 1961 and held...
![S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Ahmedabad-Income-Tax-Appellate-Tribunal-TAXSCAN.jpg "S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]")
How the Government Grants Income Tax Exemptions to Certain Institutions: Key Criteria and Guidelines
Income tax exemptions are an important mechanism provided by the government to support institutions that play a role in the public welfare and contribute to society. These exemptions allow non-profit...
Capital Subsidy should be reduced for Computation of Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]
The Nagpur Bench of the Income Tax Appellate Tribunal ( ITAT ) held that capital subsidy should be reduced for computation of book profit under Section 115JB of the Income Tax Act,1961. In this...
![Capital Subsidy should be reduced for Computation of Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/ITAT-Income-Tax-ITAT-Nagpur-Income-Tax-Act-Capital-Subsidy-cases-under-ITAT-TAXSCAN.jpg "Capital Subsidy should be reduced for Computation of Book Profit u/s 115JB of Income Tax Act: ITAT [Read Order]")
Reserve Transfers by NBFCs under RBI Act not Allowable Deduction in Computing Assessable Income: Madras HC [Read Order]
The Statutory Reserves transferred by the Non-Banking Financial Companies ( NBFCs ) under the Reserve Bank of India ( RBI ) Act is not allowable deduction computing assessable income under the...
₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) recently set aside the addition of Rs.46,58,891/- made to an Income Tax Assessment passed under Sections 144 and 147 of the Income Tax...
![₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/11/Income-Tax-ITAT-ITAT-Delhi-Income-Tax-Addition-Income-Tax-Assessment-ex-parte-TAXSCAN.jpg "₹46 Lakh Ex-Parte Income Tax Addition after Assessment u/s 144 & 147 w/o Opportunity to adduce Evidence: ITAT Remits matter [Read Order]")