![Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Donations-given-out-of-Accumulated-funds-Income-of-Trust-Donations-ITAT-Accumulated-funds-taxscan.jpg "Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]")
Donations given out of Accumulated funds u/s 11(2) shall be deemed as Income of Trust: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the donations given out of accumulated funds under Section 11(2) of the Income...
![AO cannot Interpolate the Extra Payment for Every Month to Entire 12 Months for Additional Work by Guest Teachers: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/AO-Interpolate-Extra-Payment-Every-Month-Work-Guest-Teachers-ITAT-TAXSCAN.jpg "AO cannot Interpolate the Extra Payment for Every Month to Entire 12 Months for Additional Work by Guest Teachers: ITAT deletes Addition [Read Order]")
![Depreciation on Fixed Assets Permissible Despite Application of Income Claimed During Purchase Year; No Double Deduction Involved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Depreciation-Fixed-Assets-Permissible-Despite-Income-Double-Deduction-ITAT-TAXSCAN.jpg "Depreciation on Fixed Assets Permissible Despite Application of Income Claimed During Purchase Year; No Double Deduction Involved: ITAT [Read Order]")
![Exception u/s 11 & 12 of Income Tax Act cannot be denied merely on Account of Delay in furnishing Audit Report: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Exception-Income-Tax-Act-Delay-in-furnishing-Audit-Report-ITAT-Income-Tax-Audit-Report-taxscan.jpg "Exception u/s 11 & 12 of Income Tax Act cannot be denied merely on Account of Delay in furnishing Audit Report: ITAT [Read Order]")
![ITAT directs readjudication for granting exemption u/s 10(23C)(iiiab) of Income Tax Act in respect of Imparting Education through Charitable Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/ITAT-directs-readjudication-granting-exemption-readjudication-Income-Tax-Act-exemption-Charitable-Trust-taxscan.jpg "ITAT directs readjudication for granting exemption u/s 10(23C)(iiiab) of Income Tax Act in respect of Imparting Education through Charitable Trust [Read Order]")
Inadvertent error in filing Income Tax Return forms: ITAT directs recompute Income of Assessee [Read Order]
The Income Tax Appellate Tribunal (ITAT) Chennai bench directed the Assessing Officer (AO) to recompute the income of the assessee observing the inadvertent error in the income tax returns filed. ...
![Inadvertent error in filing Income Tax Return forms: ITAT directs recompute Income of Assessee [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Inadvertent-error-filing-Income-Tax-Return-Income-Tax-Return-filing-Income-Tax-Return-forms-ITAT-Income-assessee-taxscan.jpg "Inadvertent error in filing Income Tax Return forms: ITAT directs recompute Income of Assessee [Read Order]")
Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]
The Chennai Bench of Income Tax Appellate Tribunal (ITAT) held that providing uniforms, books or transport services to the students by the assessee trust are not its main objects and these been...
![Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Providing-Uniforms-Books-Transport-Service-s-Students-main-ITAT-Income-Tax-Exemption-TAXSCAN.jpg "Providing Uniforms, Books and Transport Services to Students Not main Objects of Trust; Commercial in Nature: ITAT Disallows Income Tax Exemption [Read Order]")
Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that a charitable organization should not be deprived of the benefit of exemption available to it under Section 11 of the Income Tax...
![Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Benefits-Exemption-Income-Tax-Charitable-Organization-Deprived-due-Technical-Lapses-ITAT-Condones-Delay-TAXSCAN.jpg "Benefits of Exemption of Income Tax to Charitable Organization cannot be Deprived due to Technical Lapses: ITAT Condones Delay of 1098 Days [Read Order]")
Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]
The Chandigarh Bench of Income Tax Appellate Tribunal (ITAT) held that mere non-furnishing of a copy of the registration of charitable Trust under Section 12A of the Income Tax Act cannot be a reason...
![Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Mere-Non-Furnishing-of-Copy-of-Registration-of-Charitable-Trust-Charitable-Trust-Income-Tax-Act-Exemption-ITAT-Sets-Aside-Order-ITAT-Order-Taxscan.jpg "Mere Non-Furnishing of Copy of Registration of Charitable Trust u/s 12A of Income Tax Act not Reason to Deny Exemption u/s 11: ITAT Sets Aside Order [Read Order]")
AO Disallows 85% Accumulation Claim on Grounds that Form 10 Lacks Specific Purpose of such Claim: ITAT directs Re-adjudication [Read Order]
The Bangalore Bench of Income Tax Appellate Tribunal (ITAT) has directed re-adjudication of 85% accumulation claim disallowed by the Assessing Officer (AO) on the ground of no...
![AO Disallows 85% Accumulation Claim on Grounds that Form 10 Lacks Specific Purpose of such Claim: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/ITAT-AO-Disallow-Accumulation-Claim-Form-10-Specific-Purpose-Claim-directs-Re-adjudication-taxscan.jpg "AO Disallows 85% Accumulation Claim on Grounds that Form 10 Lacks Specific Purpose of such Claim: ITAT directs Re-adjudication [Read Order]")
Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]
The Kolkata bench of Income Tax Appellate Tribunal (ITAT) allowed exemption under section 11 of Income Tax Act 1961 on delayed filing of return of income and Form 10B due to the outbreak of Pandemic...
![Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Filing-Return-of-Income-Return-of-Income-Form-10B-outbreak-of-Pandemic-of-Covid-19-Pandemic-of-Covid-19-Covid-19-ITAT-ITAT-allows-Exemption-Income-Tax-Act-Income-Tax-taxscan.jpg "Delay in Filing Return of Income and Form 10B due to outbreak of Pandemic of Covid-19:ITAT allows Exemption u/s 11 of Income Tax Act [Read Order]")
Exemption u/s 11(2) of Income Tax Act shall be allowable only if Form 10B and Return of Income are furnished within due date specified u/s 139(1):ITAT [Read Order]
The Raipur bench of Income Tax Appellate Tribunal (ITAT) has recently held that the exemption under section 11(2) of Income Tax Act, 1961 shall be allowable only if Form 10B and Return of Income are...
![Exemption u/s 11(2) of Income Tax Act shall be allowable only if Form 10B and Return of Income are furnished within due date specified u/s 139(1):ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Exemption-Income-Tax-Act-Form-10B-Return-of-Income-are-furnished-within-due-date-ITAT-taxscan.jpg "Exemption u/s 11(2) of Income Tax Act shall be allowable only if Form 10B and Return of Income are furnished within due date specified u/s 139(1):ITAT [Read Order]")