Read all Latest Updates on and about Section 12AA of the Income Tax Act 1961

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Rent Receipts if Incidental and Ancillary to Main Object of Trust, has to be allowed: ITAT [Read Order]

Manu Sharma

In a significant ruling, the Jaipur Bench of the Income Tax Appellate Tribunal (ITAT) has held that rental income derived by a charitable trust, if...

Wrong Clause Selection Not Fatal to Proceedings': ITAT Grants Fresh Opportunity for 12AA...

Pr Commissioner of Income Tax has Authority to Cancel Registration of Assessee even without Decision...

Income Tax Annual Digest 2024: ITAT Cases [Part 27]

Charitable Institution's Activities Prima Facie Not Classified as Supply or Business Under CGST Act:...

No Deemed Registration u/s 12AB for 6-Month Delay in Passing Refusal Order: Bombay HC [Read Order]

In a significant ruling, the Bombay High Court has clarified that charitable organisations cannot assume deemed registration under Section 12AB of the Income Tax Act, 1961, even if there is a...

No Deemed Registration - 6 - Month Delay - Passing Refusal Order - Bombay HC - taxscan

Filing of Audit Report before Framing Income Tax Assessment is Deemed Fulfilment of Section 80-IA(7) Requirement: Delhi HC [Read Order]

The Delhi High Court has ruled that an assessee is eligible for exemptions under Sections 11(1) and 11(2) of the Income Tax Act, and a procedural omission like not filing the audit report with the...

Registration of Charitable Trust u/s 12AA(3) cannot be cancelled in absence of valid ground: Calcutta HC dismisses Income Tax Dept’s Appeal [Read Order]

In a recent case, the Calcutta High Court has held that registration of charitable trust under Section 12AA(3) of the Income Tax Act cannot be cancelled in absence of valid ground and dismissed the...

Emergency Response Services, Including Police and Fire Exempt from Service Tax: CESTAT [Read Order]

The Customs Excise and Service Tax Appellate Tribunal (CESTAT) has ruled that emergency response services, including police and fire, are exempt from service tax. The Appellant – G V K Emergency...

Proceedings u/s 148 of Income Tax Act to decide whether Unaccounted Transactions and Alleged Escaped Income shall be Exempt: Kerala HC [Read Order]

In a significant ruling the Kerala High Court observed that the question to be decided in proceedings under Section 148 of the Income Tax Act, 1961 is whether unaccounted transactions and alleged...

Assessment Order passed after thorough Scrutiny by AO: ITAT sets aside Order [Read Order]

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) set aside the order of the Commissioner of Income Tax ( Exemption ) [CIT(E)] assessment order passed under section 263 of the Income...

Income Tax Deduction Claim of Charitable Trust Denied on Ground of Limitation: Kerala HC Allows to File Fresh Application within 10 Days [Read Order]

The Kerala High Court allowed the petitioner to file the fresh application within 10 days against the Income Tax deduction claim of a charitable trust that was denied on the grounds of limitation. ...