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ITAT Rajkot Bench Allows Condonation of Delay and Remands Trust’s Registration Application Under Section 12A and 80G

ITAT Rajkot Bench Allows Condonation of Delay and Remands Trust’s Registration Application Under Section 12A and 80G

#TaxLaw #CharitableTrust

ITAT Rajkot Bench: Strict Timeline for Trust Registration Cannot Produce ‘Absurd Results’ In a significant relief for charitable institutions, the Income Tax Appellate Tribunal (ITAT) Rajkot Bench has clarified that procedural delays in filing Forms for registrat...

India - Income Tax Appellate Tribunal Income Tax Act 1961 - Sections 12A and 80G 24 Mar 2025
Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat

Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat

#IncomeTaxLaw #Section68

Repayment of Loans Through Banking Channels Voids Section 68 Additions: ITAT Surat In a significant ruling for taxpayers dealing with scrutiny over unsecured loans, the Income Tax Appellate Tribunal (ITAT), Surat Bench, has provided clarity on the application of ...

India - Income Tax Appellate Tribunal Section 68 - Cash Credit 24 Mar 2025
ITAT Rejects Tax Additions Under Section 69B Based on Uncorroborated Loose Sheets: Bangalore Bench

ITAT Rejects Tax Additions Under Section 69B Based on Uncorroborated Loose Sheets: Bangalore Bench

#IncomeTaxAppellateTribunal #TaxLaw

ITAT Bangalore Strikes Down Tax Additions Based on "Non-Speaking" Loose Sheets In a significant ruling for real estate developers and corporate entities, theIncome Tax Appellate Tribunal (ITAT), Bangalore Bench, has reaffirmed that tax additions made solely on the basis of loose papers and un...

India - Income Tax Appellate Tribunal Section 69B and 147 Income Tax Act 24 Mar 2025
Retrospective Application of Section 12AB(4) for Trust Registration Cancellation is Illegal: ITAT Bangalore Bench

Retrospective Application of Section 12AB(4) for Trust Registration Cancellation is Illegal: ITAT Bangalore Bench

#IncomeTaxLaw #ITAT

Beyond the Law: ITAT Bangalore Decries Retrospective Cancellation of Trust Registration In a significant ruling for charitable entities, theIncome Tax Appellate Tribunal (ITAT) Bangalorehas struck down an attempt by tax authorities to retrospectively apply 2022 legislative amendments to cance...

India - Income Tax Appellate Tribunal Section 12AB and 143(3) of the Income Tax Act 24 Mar 2025
No Section 68 Addition Without Books of Account, Rules ITAT Bangalore in Reassessment Case

No Section 68 Addition Without Books of Account, Rules ITAT Bangalore in Reassessment Case

#IncomeTax #ITAT

ITAT Ruling: The Critical Role of 'Books of Account' in Tax Reassessments In a significant ruling for corporate tax compliance, theIncome Tax Appellate Tribunal(ITAT),Bangalore Bench, has clarified the strict evidentiary requirements for invokingSection 68 of the Income Tax Act. The Tribunal ...

India - Income Tax Appellate Tribunal Section 68, 147, 148 Income Tax Act 24 Mar 2025
Statutory Urban Planning Bodies Not Engaging in 'Business' Under Section 2(15): ITAT Bangalore Grants Section 11 & 12 Tax Exemptions

Statutory Urban Planning Bodies Not Engaging in 'Business' Under Section 2(15): ITAT Bangalore Grants Section 11 & 12 Tax Exemptions

#TaxExemption #IncomeTaxTribunal

Bridging Development and Charity: ITAT Bangalore Upholds Tax Exemptions for Planning Authorities In a significant ruling for local governance institutions across India, theIncome Tax Appellate Tribunal (ITAT) Bangalore Benchhas reaffirmed that the activities of statutory planning authorities—...

India - Income Tax Appellate Tribunal Section 11, 12, and 2(15) of the Income Tax Act 24 Mar 2025
Payments by Deloitte India to UK arm for brand, tech, and communication services are not 'Royalty' under India-UK DTAA: Mumbai ITAT

Payments by Deloitte India to UK arm for brand, tech, and communication services are not 'Royalty' under India-UK DTAA: Mumbai ITAT

TaxLaw Royalty DTAA

Deloitte India's Payments for Shared Global Services Not Taxable as 'Royalty', Rules ITAT Mumbai, January 17, 2025– In a significant ruling for multinational service firms, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that payments made by Deloitte's Indian member fir...

India - Income Tax Appellate Tribunal Case Law 17 Jan 2025
Selective Reliance on Documents Invalidates Reopening of Assessment Under S.147; Belief of Escaped Income Must Be Based on Totality of Record: ITAT Mumbai

Selective Reliance on Documents Invalidates Reopening of Assessment Under S.147; Belief of Escaped Income Must Be Based on Totality of Record: ITAT Mumbai

IncomeTax ITAT Reassessment

Shirdi Sai Baba Trust Wins Major Tax Battle as ITAT Quashes Reassessment; Cites Flawed Basis for Reopening Mumbai, Maharashtra– In a significant ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has quashed the reassessment proceedings initiated by the Income Tax Department...

India - Income Tax Appellate Tribunal Case Law 17 Jan 2025
Donation for CSR is Eligible for S.80G Deduction if Not Claimed as Business Expense Under S.37: ITAT Mumbai

Donation for CSR is Eligible for S.80G Deduction if Not Claimed as Business Expense Under S.37: ITAT Mumbai

CSR Section80G IncomeTax

ITAT Mumbai Upholds Section 80G Deduction on CSR Donations, Quashes Revision Order Mumbai, India– In a significant ruling, the Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that a company is entitled to claim a deduction under Section 80G of the Income Tax Act, 1961, for d...

India - Income Tax Appellate Tribunal Case Law 17 Jan 2025
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