![Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Organizing-Drama-Drama-Drama-on-Commercial-Basis-Charitable-Trust-Commercial-Activity-Income-Tax-Exemption-Income-Tax-ITAT-taxscan-.jpg "Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]")
Organizing Drama on Commercial Basis by Charitable Trust is “Commercial Activity”, No Income Tax Exemption: ITAT [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) has denied income tax exemption holding that organising drama on commercial basis by...
![Income Tax Registration u/s 12AB cannot be Denied to Trust After Supplying All Desired Information as per Query Letter: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Income-Tax-Registration-ITAT-income-tax-taxscan.jpg "Income Tax Registration u/s 12AB cannot be Denied to Trust After Supplying All Desired Information as per Query Letter: ITAT [Read Order]")
![Relief to Ride A Cycle Foundation: Applicability of S. 2(15) of Income Tax Act shall not be Based on Default of Parties, says ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Ride-A-Cycle-Foundation-Income-Tax-Act-Default-of-Parties-ITAT-income-tax-taxscan.jpg "Relief to Ride A Cycle Foundation: Applicability of S. 2(15) of Income Tax Act shall not be Based on Default of Parties, says ITAT [Read Order]")
![Amendment to S. 2(15) of Income Tax Act has No Retrospective Effect: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Income-Tax-Act-Retrospective-Effect-Orissa-Highcourt-taxscan.jpg "Amendment to S. 2(15) of Income Tax Act has No Retrospective Effect: Orissa HC [Read Order]")
![No Claim of Purchase of Asset as an application of Income: ITAT directs to allow Depreciation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/claim-purchase-of-asset-asset-ITAT-income-depreciation-taxscan.jpg "No Claim of Purchase of Asset as an application of Income: ITAT directs to allow Depreciation [Read Order]")
PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai held that Principal Commissioner of Income Tax (PCIT) not empowered to impose conditions to be complied by assessee, for granting registration under...
![PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/PCIT-assessee-registration-ITAT-taxscan.jpg "PCIT is not empowered to Impose conditions to be Complied with by Assessee, for granting Registration u/s 12AB: ITAT [Read Order]")
![Conditions to grant Registration of Charitable Trust cant go beyond the Scheme of Law: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/registration-charitable-trust-ITAT-taxscan.jpg "Conditions to grant Registration of Charitable Trust cant go beyond the Scheme of Law: ITAT [Read Order]")
Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the activity of pharmacy is incidental to the purpose of running the hospital for the purpose of cliaming income tax...
![Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/pharmacy-hospital-ITAT-taxscan.jpg "Activity of Pharmacy is incidental to the purpose of Running Hospital: ITAT allows Income Tax Exemption [Read Order]")
![Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Life-membership-fees-AOP-Capital-Receipt-ITAT-taxscan.jpg "Life Membership Fees received by AOP is Capital Receipt, Not Taxable: ITAT [Read Order]")
CIT has No Power to Assess Objectives of Charitable Entities u/s 11A: Chhattisgarh High Court [Read Judgment]
The Bilaspur Bench of the Chhattisgarh High Court in the case of CIT v Rishabh Foundation Trust holding in favor of the assessee upholding registration under Sections 12A refused to interfere with the...
![CIT has No Power to Assess Objectives of Charitable Entities u/s 11A: Chhattisgarh High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Reassessment-Chhattisgarh-High-Court-Taxscan.jpg "CIT has No Power to Assess Objectives of Charitable Entities u/s 11A: Chhattisgarh High Court [Read Judgment]")
ITAT slams Tax Dept for Negligence in Maintaining Records, says Assessee can’t be Penalized for such Mistakes [Read Order]
While granting section 12A registration to a Trust, the Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has criticized the income tax department for its negligence in keeping records. The...
![ITAT slams Tax Dept for Negligence in Maintaining Records, says Assessee can’t be Penalized for such Mistakes [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/02/Cross-Examination-ITAT-Taxscan.jpg "ITAT slams Tax Dept for Negligence in Maintaining Records, says Assessee can’t be Penalized for such Mistakes [Read Order]")
Remuneration Paid to Trustees can’t be treated as Excessive without Sufficient Proof: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Cuttack bench has held that the remuneration paid to the trustees by a Trust cannot be treated as excessive unless there is sufficient material to prove the...
![Remuneration Paid to Trustees can’t be treated as Excessive without Sufficient Proof: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Managerial-Remuneration-Taxscan.jpg "Remuneration Paid to Trustees can’t be treated as Excessive without Sufficient Proof: ITAT [Read Order]")