CBDT Notifies Income Tax Exemption u/s 10(46) for Urban Improvement Trust of Udaipur [Read Notification]
The Central Board of Direct Taxes (CBDT) vide notification S.O. 3666(E) issued on 16th August 2023 has notified the income tax exemption for the...
![Income Tax Exemption on Money received under Life Insurance Policy: CBDT issues new Guidelines u/s 10(10D) [Read Circular]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Income-Tax-Exemption-Money-Income-Tax-Exemption-on-Money-received-under-Life-Insurance-Policy-CBDT-taxscan.jpg "Income Tax Exemption on Money received under Life Insurance Policy: CBDT issues new Guidelines u/s 10(10D) [Read Circular]")
![Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Exemption-u-Total-Receipts-Grant-Received-Institute-Liver-Biliary-Sciences-Govt-Delhi-HC-TTAXSCAN.jpg "Income Tax Exemption u/s 10(23C)(iiiac) allowable When 50% of Total Receipts of Grant Received by Institute of Liver and Biliary Sciences from Govt: Delhi HC [Read Order]")
![Adequacy of Reasons and Relevancy Forms Foundation for Reopening of Assessment: Gujarat HC allows Income Tax Exemption on Compulsorily Acquired Land [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Adequacy-of-Reasons-and-Relevancy-Forms-Foundation-for-Reopening-of-Assessment-Gujarat-HC-allows-Income-Tax-Exemption-on-Compulsorily-Acquired-Land-TAXSCAN.jpg "Adequacy of Reasons and Relevancy Forms Foundation for Reopening of Assessment: Gujarat HC allows Income Tax Exemption on Compulsorily Acquired Land [Read Order]")
![Gauhati High Court Issues Notice on Contempt Alleging Non-Compliance to Refund Tax Deducted from BSF DIG’s Salary [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Gauhati-High-Court-Gauhati-High-Court-Issues-Notice-Notice-on-Contempt-Alleging-Non-Compliance-to-Refund-Tax-Refund-Tax-Refund-Tax-Deducted-from-BSF-DIGs-Salary-Taxscan.jpg "Gauhati High Court Issues Notice on Contempt Alleging Non-Compliance to Refund Tax Deducted from BSF DIG’s Salary [Read Order]")
Production of Foundation Seeds amounts to 'Agricultural Activity': Eligible for Income Tax Exemption, rules ITAT [Read Order]
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) recently ruled that the production of foundation seeds qualifies as agricultural activity, making it eligible for tax exemption under...
![Production of Foundation Seeds amounts to Agricultural Activity: Eligible for Income Tax Exemption, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Production-of-Foundation-Seeds-Foundation-Seeds-Agricultural-Activity-Income-Tax-Exemption-ITAT-taxscan.jpg "Production of Foundation Seeds amounts to Agricultural Activity: Eligible for Income Tax Exemption, rules ITAT [Read Order]")
CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]
The Central Board of Direct Taxes (CBDT) has extended the income tax exemption under Section 10(46) of the Income Tax Act, 1961 to ‘Pune Metropolitan Region Development Authority’, an Authority...
![CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-Income-Tax-Exemption-CBDT-notifies-Income-Tax-Exemption-CBDT-notifies-Incomes-Pune-Metropolitan-Region-Development-Authority-taxscan.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Certain Incomes of Pune Metropolitan Region Development Authority [Read Notification]")
![CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/05/CBDT-notifies-Income-Tax-Exemption-us-1046-Specified-Income-FSSAI-TAXSCAN.jpg "CBDT notifies Income Tax Exemption u/s 10(46) for Specified Income of FSSAI [Read Notification]")
Trust formed for Brahma Kshatriya Community not Eligible for Income Tax Exemption: ITAT [Read Order]
The Pune bench of Satbeer Singh Godara, (Judicial Member) and Dipak P. Ripote, (Accountant Member) of the Income Tax Appellate Tribunal (ITAT) held that Trust formed for Bramhakshatriya Community was...
![Trust formed for Brahma Kshatriya Community not Eligible for Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Trust-Brahma-Kshatriya-Community-Income-Tax-Exemption-ITAT-TAXSCAN.jpg "Trust formed for Brahma Kshatriya Community not Eligible for Income Tax Exemption: ITAT [Read Order]")
Income Tax Exemption Allowable on Voluntary Payment made by Employer to Employee out of Appreciation: ITAT [Read Order]
The Pune Bench of the Income Tax Appellate Tribunal (ITAT) recently observed that the payment has been made voluntarily by them out of appreciation for the employee and thus falls outside the rigours...
![Income Tax Exemption Allowable on Voluntary Payment made by Employer to Employee out of Appreciation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Income-Tax-Exemption-Income-Tax-Voluntary-Payment-Payment-Employer-Employee-ITAT-Taxscan.jpg "Income Tax Exemption Allowable on Voluntary Payment made by Employer to Employee out of Appreciation: ITAT [Read Order]")
Income Tax Exemption u/s 10(26AAB) on Fee Earned by APMC to regulate Poultry Market: Delhi HC [Read Order]
In a recent judgement, the Delhi High Court has held that the fee earned by an Agricultural Produce Marketing Committee (APMC) for regulating the poultry market is exempted under section 10(26AAB) of...
![Income Tax Exemption u/s 10(26AAB) on Fee Earned by APMC to regulate Poultry Market: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Exemption-on-Fee-APMC-Poultry-Market-Delhi-Highcourt-Income-Tax-Exemption-taxscan-1.jpg "Income Tax Exemption u/s 10(26AAB) on Fee Earned by APMC to regulate Poultry Market: Delhi HC [Read Order]")
Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has denied income tax exemption holding that organising drama on commercial basis by charitable trust was a commercial activity. The...
![Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Organizing-Drama-Drama-Drama-on-Commercial-Basis-Charitable-Trust-Commercial-Activity-Income-Tax-Exemption-Income-Tax-ITAT-taxscan-.jpg "Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]")