![Profit Earned by Pharmacy Shop in the Hospital cannot be Taxed, rules ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/12/Hospital-Taxscan.jpg "Profit Earned by Pharmacy Shop in the Hospital cannot be Taxed, rules ITAT [Read Order]")
Profit Earned by Pharmacy Shop in the Hospital cannot be Taxed, rules ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal has ruled that, profit earned by pharmacy shop in the hospital run by a Trust cannot be taxed. The...
![ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Trust-Taxscan.jpg "ITAT Confirms Denial of Exemption to Trust in the absence of Mandatory Registration u/s 12AA [Read Order]")
![Donations Received by Trust for Specific Purpose of Acquiring Capital Assets are Tied-up Grants: ITAT allows Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/09/Donation-Taxscan.jpg "Donations Received by Trust for Specific Purpose of Acquiring Capital Assets are Tied-up Grants: ITAT allows Exemption [Read Order]")
![Activity of Letting Out of Marriage Hall by Trust would not constitute ‘Commercial Activity’: ITAT Allows Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Letting-Out-of-Marriage-Hall-Taxscan.jpg "Activity of Letting Out of Marriage Hall by Trust would not constitute ‘Commercial Activity’: ITAT Allows Exemption [Read Order]")
![Andhra Cricket Association is Eligible for Tax Exemption u/s 11: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Andhra-Cricket-Association-Taxscan.jpg "Andhra Cricket Association is Eligible for Tax Exemption u/s 11: ITAT [Read Order]")
Tax Exemption to a Religious/Charitable Trust can’t be denied If It is not exclusively meant for one particular religious community: Delhi HC
A division bench of the Delhi High Court, in CIT v. M/s. Indian Society Of The Church Of Jesus Christ Of Latter Day Saints, held that tax exemption to a religious/charitable trust under section 11 of...
Society cannot Claim Exemption in respect of Investment in Fixed Asset using Loan Amount: ITAT Bengaluru [Read Order]
In M/s. Peoples Education Society v. DCIT(E), the ITAT, Bengaluru held that the assessee-society is not entitled to claim the exemption in respect of investment in fixed assets using loan amount under...
![Society cannot Claim Exemption in respect of Investment in Fixed Asset using Loan Amount: ITAT Bengaluru [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Society cannot Claim Exemption in respect of Investment in Fixed Asset using Loan Amount: ITAT Bengaluru [Read Order]")
Activities of Tamil Nadu Cricket Association are not ‘Commercial’ in nature: ITAT dismisses Revenue’s plea [Read Order]
In a recent ruling, the division bench of the Chennai ITAT dismissed the departmental appeal and held that the activities of the Tamil Nadu Cricket Association are not “Commercial” in nature. The...
![Activities of Tamil Nadu Cricket Association are not ‘Commercial’ in nature: ITAT dismisses Revenue’s plea [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/06/Tamil-Nadu-Cricket-Association.jpg "Activities of Tamil Nadu Cricket Association are not ‘Commercial’ in nature: ITAT dismisses Revenue’s plea [Read Order]")
Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]
Recently, in DCIT(E) v. Shri Sudhir Madhavji Lall Welfare & Educational Trust, the Mumbai ITAT confirmed that depreciation claim of a trust is an allowable as application money which is deductible...
![Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Depreciation-Taxscan.jpg "Depreciation Claim of Trust is Allowable as Application Income u/s 11 of Income Tax Act: ITAT Mumbai [Read Order]")
IT Exemption cannot be denied on Ground Charging of Fee for Services like Training, Conducting Seminars etc: ITAT Delhi
Recently, in the Fertilizers Association of India v. ITO, the division bench of the Delhi ITAT held that mere charging of fee from members/ non-members for rendering services like training, conducting...
Activities of South Indian Film Chamber of Commerce are not in Nature of Trade, Business or Commerce, IT Exemption cannot be denied: ITAT Chennai [Read Order]
In a major relief to M/s South Indian Film Chamber of Commerce, the division bench of the Chennai Income Tax Appellate Tribunal (ITAT) held that the activities of the society are not in the nature of...
![Activities of South Indian Film Chamber of Commerce are not in Nature of Trade, Business or Commerce, IT Exemption cannot be denied: ITAT Chennai [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/04/South-Indian-Film-Chamber-of-Commerce.jpg "Activities of South Indian Film Chamber of Commerce are not in Nature of Trade, Business or Commerce, IT Exemption cannot be denied: ITAT Chennai [Read Order]")