Exemption u/s 10(23C) should not be denied to a Trust, even though it is engaged in activities other than Education; ITAT Ahmedabad [Read Order]
The Income Tax Appellate Tribunal of Ahmedabad bench has recently ruled that the benefit u/s 10(23C) of the Income Tax Act, 1961 should not be denied...
Reimbursement of Commercial Taxes under Bihar Incentive Scheme is a Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]
On an appeal filed by the Revenue against the Order of the CIT(A) in the case Dy. Commissioner of Income Tax - 4(2) v.M/s Harinagar Sugar Mi l ls Ltd., the Tribunal held that capital subsidy being 10%...
![Reimbursement of Commercial Taxes under Bihar Incentive Scheme is a Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]](/images/placeholder.jpg "Reimbursement of Commercial Taxes under Bihar Incentive Scheme is a Capital Receipt, Not Taxable: ITAT Mumbai [Read Order]")
Payments made to Non-Residents for the purchase of Software not Chargeable to Tax in India: ITAT Chennai [Read Order]
The Chennai bench of Income Tax Appellate Tribunal(ITAT) has recently expressed a view that payments made to the non-residents towards the purchase of software products were not chargeable to tax...
Amendment to the definition of ‘charitable purpose’ would not give jurisdiction to Commissioner of Income Tax to cancel the Registration; Bombay HC [Read Judgment]
In a recent Judgment the division bench of Bombay High Court has held that, the amendment to the definition of charitable purpose by adding of the proviso, would not ipso facto give jurisdiction to...
Application of registration cannot be rejected on mere ground of Non-Filing of return by the Assessee: ITAT, Chandigarh [Read Order]
The Income Tax Appellate Tribunal, Chandigarh has recently ruled that an application filed by the assessee u/s 12A cannot be rejected on the ground that the assessee has not filed returns for the...
Services of Construction & Installation Cannot be termed as “Fees for Technical Services”: Delhi HC [Read Judgment]
The Delhi High Court in a recent decision held that the services of construction and installation cannot be treated as “fees for technical services.” The Court was considering the validity of an order...
![Services of Construction & Installation Cannot be termed as “Fees for Technical Services”: Delhi HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Delhi-High-Court-2-Tax-Scan.jpg "Services of Construction & Installation Cannot be termed as “Fees for Technical Services”: Delhi HC [Read Judgment]")
No Income Tax for notional interest on the security deposit paid by the employer on behalf of employee to Flat owner; ITAT Mumbai [Read Order]
In a recent ruling of Income Tax Appellate Tribunal (ITAT) Mumbai has held that Income Tax cannot be levied from Assessee for the notional interest on the security deposit paid by the employer for the...