Read all Latest Updates on and about section 12A of Income Tax Act

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Charitable Status Recognised u/s 12A cannot Cease under FCRA: Madras HC sets aside Rejection, Orders Reconsideration [Read Order]

The Madras High Court, in a recent case, has ruled that once an entity gets recognised as charitable under section 12A of the Income Tax Act, 1961...

Publicising Donor Names for Religious Events Not Convert Donations into Business Income: ITAT [Read...

P&H HC Slams CBDT’s Last Moment Approach, Directs to issue Circular Extending ITR Due Date for Audit...

Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable...

Restored Registration Entitles Charitable Trust to Tax Benefits: ITAT [Read Order]

Solicited Donations Still Voluntary in Nature: ITAT allows Corpus Contributions to Rohilkhand Educational Charitable Trust [Read Order]

The Bench of the Income Tax Appellate Tribunal, Lucknow, has ruled that corpus donations made voluntarily by donors cannot be disallowed merely because the charitable trust solicited them, so long as...

Genuine Delay in Producing 70 Year Old Trust Deed: ITAT quashes Rejection of S.12A & 80G Claims [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin Bench, has set aside the rejection of applications under sections 12A and 80G of the Income Tax Act, 1961, citing that the default was procedural and...

Benefit of Exemption Claim u/s 12A of Income Tax Act should not have Denied merely on account of delay in furnishing audit report: Orissa HC [Read Order]

The Orissa High Court has held that benefit of exemption claim under section 12A of Income Tax Act, 1961 should not have been denied merely on account of delay in furnishing audit report. ...

Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ordered deletion of Rs.52.25 Lakh addition under section 69A of Income Tax Act,1961 for unaccounted fees due to evidence of proper...

Income Tax Exemption Claimed by Public Charitable Trust should not be denied merely on Bar of limitation: Kerala HC [Read Order]

The Kerala High Court has held that income tax exemption claimed by public charitable trusts should not be denied merely on the bar of limitations. The court was of view to consider the applications...

S.80G(5) Registration Application Submitted Afresh within Extended Time: ITAT directs CIT(E) to consider Application [Read Order]

In a recent case, the Income Tax Appellate Tribunal ( ITAT ) of Chennai directed the Commissioner of Income Tax (Exemption) [ CIT (E) ] to consider the fresh application submitted by a Trust as per...

Half Yearly Digest of Tax Cases: Supreme Court and High Court Judgments [Part 20]

This half-yearly round-up analytically summarizes the key Direct and Indirect Tax Judgments of the Supreme Court and all High Courts of India reported at Taxscan.in during the First half of 2024. ...