![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]")
Income Tax Exemption u/s 10(23C) available to Payments Received for Consultancy Services provided by University: ITAT remands matter to AO [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT), remanded back matter to the Assessing Officer (AO) and ruled that Income Tax Exemption...
![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]](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]](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]")
Supreme Court directs to Erase Personal Remarks by Director of Income Tax against Founder of Trust from Order [Read Order]
In a recent order, the Supreme Court has directed to erase the personal remarks made against the authors-cum-Founder Chairman of the assessee-trust in the order passed by the Director of Income Tax...
![Supreme Court directs to Erase Personal Remarks by Director of Income Tax against Founder of Trust from Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Supreme-Court-Personal-Remarks-Income-Tax-E-Trust-Order-taxscan.jpeg "Supreme Court directs to Erase Personal Remarks by Director of Income Tax against Founder of Trust from Order [Read Order]")
CBDT notifies Income Tax Exemption for CPPIB India Private Holdings Inc. on eligible Investment Made in India [Read Notification]
The Central Board of Direct Taxes (CBDT) issued a notification allowing income tax exemption for CPPIB India Private Holdings Inc. under section 10(23FE) of the Income Tax Act, 1961. The CBDT on 17th...
![CBDT notifies Income Tax Exemption for CPPIB India Private Holdings Inc. on eligible Investment Made in India [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/CBDT-Income-Tax-Exemption-CPPIB-India-Private-Holdings-Inc-Investment-Made-in-India-taxscan.jpeg "CBDT notifies Income Tax Exemption for CPPIB India Private Holdings Inc. on eligible Investment Made in India [Read Notification]")