![CBDT Notifies Income Tax Exemptions on California Public Employees Retirement System [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/02/CBDT-Income-Tax-Income-Tax-Exemptions-California-Public-Employees-Retirement-System-Employees-Retirement-System-Retirement-System-Taxscan.jpg "CBDT Notifies Income Tax Exemptions on California Public Employees Retirement System [Read Notification]")
CBDT Notifies Income Tax Exemptions on California Public Employees Retirement System [Read Notification]
The central board of direct tax by issuing notification allowed California Public Employees Retirement System under section (23FE) of section 10 of...
![Union Budget 2023: Income Tax Exemption for Development Authorities [Read Finance Bill]](https://www.taxscan.in/wp-content/uploads/2023/02/Union-Budget-2023-Budget-2023-Union-Budget-Income-Tax-Exemption-Income-Tax-Tax-budget-2023-budget-2023-live-taxscan.jpg "Union Budget 2023: Income Tax Exemption for Development Authorities [Read Finance Bill]")
![CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/01/CBDT-Income-Tax-Income-Tax-Exemption-Indian-Institute-of-Science-Education-and-Research-taxscan.jpg "CBDT Notifies Income Tax Exemption to Indian Institute of Science Education and Research, Tirupati [Read Notification]")
![Income Tax Exemption u/s 10(23C) available to Payments Received for Consultancy Services provided by University: ITAT remands matter to AO [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Exemption-Income-Tax-Payments-Consultancy-Services-University-ITAT-taxscan.jpg "Income Tax Exemption u/s 10(23C) available to Payments Received for Consultancy Services provided by University: ITAT remands matter to AO [Read Order]")
![MSME registered for Skill Development not eligible for Income Tax Exemption under Section 12AA of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/MSME-Income-Tax-Exemption-under-Income-Tax-Act-ITAT-TAXSCAN.jpg "MSME registered for Skill Development not eligible for Income Tax Exemption under Section 12AA of Income Tax Act: ITAT [Read Order]")
Charging Patients at Market Rates: ITAT denies Income Tax Exemptions to Fernandez Foundation [Read Order]
In a recent ruling, the Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) chaired by Rama Kanta Pande, Accountant Member and Laliet Kumar, Judicial Member held that the ruling of Commissioner...
![Charging Patients at Market Rates: ITAT denies Income Tax Exemptions to Fernandez Foundation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/ITAT-Income-Tax-Exemptions-Fernandez-Foundation-Income-Tax-Exemptions-to-Fernandez-Foundation-taxscan.jpg "Charging Patients at Market Rates: ITAT denies Income Tax Exemptions to Fernandez Foundation [Read Order]")
Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Pune Bench recently in an appeal held that income tax exemption cannot be granted since share transactions are found as sham and used as a device to make...
![Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Income-Tax-Exemption-income-Share-Transactions-Undisclosed-Income-Income-tax-ITAT-taxscan.jpg "Income Tax Exemption cannot be granted since Share Transactions found as Sham and Used as a Device to Make Undisclosed Income Accountable: ITAT [Read Order]")
![CBDT Notifies Income Tax Exemption to FIFA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/12/CBDT-Notifies-Income-Tax-Exemption-to-FIFA-TAXSCAN.jpg "CBDT Notifies Income Tax Exemption to FIFA [Read Notification]")
Income Tax Exemption under EWS Reservation Violates Fundamental Rights: Madras HC Issues Notice to Centre on Plea Seeking IT Criteria
The Madurai Bench of the Madras High Court has issued a notice to the Government after receiving a petition contending that when the government had fixed that families earning a gross annual income...
Income Tax Exemption Available to the Defence Forces Personnel Invalidated from Service on Account of Bodily Disability: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench, as recently, in an appeal filed before it, held that income tax exception shall be available to the Defence Forces Personnel who have been...
![Income Tax Exemption Available to the Defence Forces Personnel Invalidated from Service on Account of Bodily Disability: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Income-Tax-Exemption-Defence-Forces-Service-Bodily-Disability-ITAT-taxscan.jpeg "Income Tax Exemption Available to the Defence Forces Personnel Invalidated from Service on Account of Bodily Disability: ITAT [Read Order]")
Statutory/Professional Bodies including ICAI Eligible for Income Tax Exemption If Amounts Charged are Nominal to Cover Costs: Supreme Court [Read Judgment]
The Supreme Court Division Bench of Chief Justice of India Uday Umesh Lalit, Justice S. Ravindra Bhat and Justice P S Narasimha, while deciding that educational institutions making profits and gains...
![Statutory/Professional Bodies including ICAI Eligible for Income Tax Exemption If Amounts Charged are Nominal to Cover Costs: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Statutory-Professional-Bodies-ICAI-Income-Tax-Exemption-Supreme-Court-taxscan.jpg "Statutory/Professional Bodies including ICAI Eligible for Income Tax Exemption If Amounts Charged are Nominal to Cover Costs: Supreme Court [Read Judgment]")
Advancement of GPU cannot be interpreted as 'Charitable Purposes' If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]
The Supreme Court of India, observed that “Charitable Purposes” under Section 2(15) of the Income Tax Act, 1961 does not include advancement of General Public Utility(GPU) done as business and held...
![Advancement of GPU cannot be interpreted as Charitable Purposes If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/GPU-Income-Tax-Exemption-Supreme-Court-taxscan.jpg "Advancement of GPU cannot be interpreted as Charitable Purposes If Done as Business, No Income Tax Exemption: Supreme Court [Read Judgment]")