![Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/Kerala-High-Court-Denial-of-Exemption-Claim-Income-Tax-Income-tax-news-Audit-Report-TAXSCAN.jpg "Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]")
Denial of Exemption Claim u/s 10(23C) (VI) of Income Tax Act: Kerala HC directs to Consider Stay Petition [Read Order]
The Kerala High Court directed to consider a stay petition against the denial of an exemption claim under section 10(23C) (VI) of the Income Tax Act,...
![ITAT quashes Ex-Parte Assessment Order passed without considering Valuation Report u/s 12A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/ITAT-ITAT-Hyderabad-Income-tax-Income-tax-news-Assessment-Order-taxscan.jpg "ITAT quashes Ex-Parte Assessment Order passed without considering Valuation Report u/s 12A of Income Tax Act [Read Order]")
![Revised Form 10 can be File During Reassessment Proceedings: Delhi HC rules in favour of Canara Bank Relief Welfare Society [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Reassessment-Proceedings-Delhi-High-Court-Canara-Bank-Relief-Welfare-Society-Form-10-filing-during-reassessment-Revised-Form-10-filing-taxscan.jpg "Revised Form 10 can be File During Reassessment Proceedings: Delhi HC rules in favour of Canara Bank Relief Welfare Society [Read Order]")
Failure to substantiate genuineness of activities of Assessee Trust for getting Registration u/s 12A of Income Tax Act: ITAT remits matter back to CIT(E) for De-Novo Consideration [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi Bench remitted the file of the assessee back to CIT(E) for de novo consideration due to the failure to substantiate the genuineness of the activities...
![Failure to substantiate genuineness of activities of Assessee Trust for getting Registration u/s 12A of Income Tax Act: ITAT remits matter back to CIT(E) for De-Novo Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Failure-genuineness-Failure-to-substantiate-genuineness-of-activities-of-Assessee-genuineness-of-activities-Assessee-Trust-taxscan.jpg "Failure to substantiate genuineness of activities of Assessee Trust for getting Registration u/s 12A of Income Tax Act: ITAT remits matter back to CIT(E) for De-Novo Consideration [Read Order]")
Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal (ITAT) held that the assessee was deprived of the justice to be decided the merits of the registration on account of the shortage of timeto appear...
![Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Dismissal-of-registration-Income-Tax-Act-absence-of-assessee-to-determine-genuineness-charitable-trust-ITAT-restores-matter-to-CITE-ITAT-re-adjudication-taxscan-1.jpg "Dismissal of Registration u/s 12AB of Income Tax Act due to Absence of Assessee to Determine Genuineness of Activities carried out by the Charitable Trust: ITAT restores matter to CIT(E) for Re-Adjudication [Read Order]")
Section 13(2)(a) doesn't Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) while granting relief to Laxmi Narayan mandir trust held that Section 13(2)(a) of the Income Tax Act, 1961 doesn’t authorize the revenue...
![Section 13(2)(a) doesnt Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Compute-Notional-Interest-Interest-is-charged-by-Trust-ITAT-Notional-Interest-Interest-Laxminarayan-Mandir-Trust-taxscan.jpg "Section 13(2)(a) doesnt Authorize Revenue to Compute Notional Interest when No such Interest is charged by Trust: ITAT grants relief to Laxminarayan Mandir Trust [Read Order]")
CBDT issues Circular Providing Clarity on Filing Details of Major Contributors to Trusts and Institutions [Read Notification]
The Central Board of Direct Taxes (CBDT) vide circular no. 17/2023 issued on 9th October 2023 has provided the clarity on filing details of significant contributors to trusts and institutions under...
![CBDT issues Circular Providing Clarity on Filing Details of Major Contributors to Trusts and Institutions [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/10/CBDT-issues-Circular-Contributors-to-Trusts-Institutions-CBDT-taxscan.jpg "CBDT issues Circular Providing Clarity on Filing Details of Major Contributors to Trusts and Institutions [Read Notification]")
Corpus Donation received by Non-Registered Charitable Trust shall be termed as Capital in Nature and shall not be Taxable u/s 115BBC: ITAT [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the corpus donation received by a non-registered charitable trust shall be termed as capital in nature and shall not be...
![Corpus Donation received by Non-Registered Charitable Trust shall be termed as Capital in Nature and shall not be Taxable u/s 115BBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Corpus-Donation-received-by-Non-Registered-Charitable-Trust-Corpus-Donation-ITAT-Non-Registered-Charitable-Trust-Non-Registered-Charitable-Trust-taxscan.jpg "Corpus Donation received by Non-Registered Charitable Trust shall be termed as Capital in Nature and shall not be Taxable u/s 115BBC: ITAT [Read Order]")
Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) held that the error in the assessment order shou be one that it is not debatable or plausible view. In a case where the Assessing Officer...
![Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Assessment-order-erroneous-cash-deposit-reassessment-proceeding-ITAT-grounds-lack-jurisdiction-taxscan.jpg "Assessment order not to be termed erroneous if no addition in respect of cash deposit was made in reassessment proceeding: ITAT deletes addition on grounds of lack of jurisdiction u/s 263 [Read Order]")
No restriction towards Non-Corpus Donations towards Charitable Trusts registered u/s 12A: ITAT deletes Addition [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that Donation paid by the assessee to another charitable trust cannot be treated as income of the appellant trust. The appellant...
![No restriction towards Non-Corpus Donations towards Charitable Trusts registered u/s 12A: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/restriction-Non-Corpus-Donations-Charitable-Trusts-ITAT-deletes-Addition-ITAT-Addition-taxscan.jpg "No restriction towards Non-Corpus Donations towards Charitable Trusts registered u/s 12A: ITAT deletes Addition [Read Order]")