![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]")
Amendment to S. 2(15) of Income Tax Act has No Retrospective Effect: Orissa HC [Read Order]
The Orissa High Court has held that the amendment in the Finance Act, 2009 amending section 2(15) of the Income Tax Act, 1961 for the definition of...
![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]](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]](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]")
Conducting International Conference by Indian Plastics Institute is not a ‘Commercial Activity’: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ), Mumbai bench had allowed tax relief to the Indian Plastics Institute by holding the activity of organizing International Conference by the Institute would...
![Conducting International Conference by Indian Plastics Institute is not a ‘Commercial Activity’: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Indian-Plastic-Institute-Taxscan.jpg "Conducting International Conference by Indian Plastics Institute is not a ‘Commercial Activity’: ITAT [Read Order]")
![Convent, not being a separate Entity, not eligible for S. 12A Registration: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/07/Convent-Kerala-High-Court-Taxscan.jpg "Convent, not being a separate Entity, not eligible for S. 12A Registration: Kerala HC [Read Judgment]")
No Illegality in ITAT Order allowing Donations made by Charitable Trust to another Charitable Trust: Calcutta HC [Read Judgment]
The Calcutta High Court in Commissioner of Income Tax (Exemption) vs. St. Joseph Convent Chandannagar Educational Society upheld the decision of the Income Tax Appellate Tribunal (ITAT) in holding...
![No Illegality in ITAT Order allowing Donations made by Charitable Trust to another Charitable Trust: Calcutta HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/05/Donations-Taxscan.jpg "No Illegality in ITAT Order allowing Donations made by Charitable Trust to another Charitable Trust: Calcutta HC [Read Judgment]")