ITAT Bangalore rules that the genuineness of a charitable trust’s activities, not the amount of its expenditure, determines its eligibility for tax registrations.
ITAT Bangalore directed the re-evaluation of a trust’s classification as religious and its denial of tax-exempt status, citing a failure to consider all relevant documents.
Learn the factors that determine a currency’s value, from economic theories like PPP and interest rate parity to demand-supply dynamics and modern market complexities.
An overview of India’s crypto tax laws, covering the flat 30% tax on gains, 1% TDS on transactions, and the new 18% GST on exchange service fees.
Learn how India’s Income Tax Act, 1961, incorporates and sometimes deviates from key accounting concepts like matching, materiality, and substance over form.
Madras High Court held that delay in filing of an appeal condoned since rectification application u/s. 161 of TNGST Act, 2017 was preferred first and due to rejection of the same the appeal was filed belatedly. Accordingly, delay condoned.
Assessee also moved an application for admission of additional evidence (sale deed, tripartite agreement, purchase document) under Rule 29 of the Income Tax Appellate Tribunal Rules, 1963.
CESTAT Delhi held that order revoking Customs Broker License set aside on account of breach of time limit contemplated under regulation 17 of the Customs Broker Licensing Regulation 2018. Accordingly, appeal of the assessee allowed.
ITAT Surat held that ex-parte order of CIT(A) set aside and restored back for fresh adjudication subject to payment of cost of Rs. 10,000 on account of non-cooperation/ non-compliance on the part of the assessee. Accordingly, appeal disposed of.
ITAT Hyderabad held that passing of assessment order without Document Identification Number [DIN] is invalid and nonest in the eye of law. Accordingly, order shall be treated to have never been issued.
