Time for Charitable Trust to get New Registration with Income Tax Department
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Time for Charitable Trust to get New Registration with Income Tax Department One of the sectors where substantial…
Time for Charitable Trust to get New Registration with Income Tax Department
Recent Posts
- Option once exercised by filing of Form 10IC, it remains valid for subsequent assessment years: No need to file it every year: ITAT Delhi
- Validity of notice issued U/s 148A(b) to deceased person and subsequent notices to the Legal heir
- Issuance of notice by the wrong officer will invalidate the assessment proceeding
- Without any evidence to doubt the genuineness, the resultant capital loss cannot be disallowed: ITAT Mumbai
- Actual turnover of Kaccha Aarahtias (commission agents) is the commission charged and not the total sale proceeds on behalf of their principals: TDS credit allowed by ITAT Visakhapatnam
- Audit Memo do not fall within the ambit of the term “information” as provided in Explanation 1 to Section 148 of the Act w.r.t Finance Act 2021
- Penalty cannot be imposed on disallowance of 80P claim which is highly debatable
- Newly notified Section 16(5) opens the door for revisiting denied ITC claims for specific periods – Kerala HC Ruling
- Since Appellant acted in a bona fide manner and made necessary adjustments by the end of the financial year, there is no liability of interest under section 201(1A): ITAT Mumbai
- Penny stock addition deleted by ITAT Mumbai as no role has been attributed and/or established qua rigging of the shares
