The issue was denial of charitable exemption due to alleged non-filing of Form 10B. The ITAT held that the audit report was filed on time and wrongly ignored by CPC. Substantive exemption under Section 11 was therefore restored.
The ITAT Pune remanded a charitable trust’s 12A and 80G applications for fresh consideration after noting procedural lapses and granting the trust another opportunity to respond to notices.
Though earlier dismissed for non-prosecution, the Tribunal evaluated the substantive grounds relating to bonus disallowance and income inclusion, granting partial relief.
The Tribunal sent the matter back to the Assessing Officer after finding that important objections on land classification and cost of acquisition were not verified. A fresh decision must be made after proper examination.
The Court held that Section 148 notices issued after 1 April 2021 under TOLA for AY 2015-16 were invalid since the statutory completion period had expired and Section 148A procedure was not followed.
The Rajasthan High Court ruled that a Section 148 notice for AY 2015-16 was valid as it fell within the ten-year limit for escaped income in search cases exceeding Rs.50 lakh.
The ITAT held that reassessment beyond four years fails when the reasons do not show the assessee’s failure to disclose material facts.
The Tribunal noted non-payment of significant dues, including EDC payable to ADA and tax liabilities, and admitted the Section 10 application, commencing CIRP and appointing an IRP.
The Tribunal admitted the insolvency petition after finding that the loan amount and default were undisputed. The ruling emphasizes that proven debt and default require admission under Section 7.
The Allahabad High Court quashed a GST registration cancellation order, ruling that the impugned order lacked reasons and was passed without proper hearing, violating procedural fairness.
