![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]")
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...
![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 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]](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]")
CBDT notifies Andhra Pradesh Pollution Control Board eligible for Income Tax Exemption [Read Notification]
The Central Board of Direct Taxes (CBDT) has notified the Andhra Pradesh Pollution Control Board eligible for income tax exemption under section 10(46) of the Income Tax Act, 1961. Under section...
![CBDT notifies Andhra Pradesh Pollution Control Board eligible for Income Tax Exemption [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/08/CBDT-Andhra-Pradesh-Pollution-Control-Board-Income-Tax-Exemption-taxscan.jpg "CBDT notifies Andhra Pradesh Pollution Control Board eligible for Income Tax Exemption [Read Notification]")
![CBDT notifies Income Tax Exemption to Odisha Electricity Regulatory Commission [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Income-Tax-Exemption-Odisha-Electricity-Regulatory-Commission-taxscan.jpeg "CBDT notifies Income Tax Exemption to Odisha Electricity Regulatory Commission [Read Notification]")
![CBDT notifies Income Tax Exemption to Bihar Electricity Regulatory Commission [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/07/CBDT-Income-Tax-Exemption-Bihar-Electricity-Regulatory-Commission.jpg "CBDT notifies Income Tax Exemption to Bihar Electricity Regulatory Commission [Read Notification]")