The Rajasthan High Court quashed a reassessment notice issued by a Jurisdictional Assessing Officer, citing it should have been issued by a Faceless Assessing Officer.
The Rajasthan High Court has quashed a reassessment notice issued by a Jurisdictional Assessing Officer, asserting that such notices must be from a Faceless Assessing Officer.
The ITAT Bangalore remitted a case on trust registration, ruling that proposed activities and infrastructure spending can be considered genuine charitable activities.
The ITAT Bangalore has ruled that a charitable trust’s spending on land and building is for charitable purposes. Learn how this decision affects trust registration and tax exemptions in India.
Supreme Court ruled that documents like a GPA and an unproven Will cannot transfer property title. The case reinforces principle that a registered sale deed is mandatory.
The Delhi ITAT has quashed a reassessment based on “borrowed satisfaction,” ruling that the tax department acted without independent inquiry and on suspicion, not tangible material.
The ITAT Delhi upheld the genuineness of a long-term capital gain, ruling that an LTCG exemption cannot be denied solely based on suspicion, if the transaction is supported by documentary evidence
The ITAT Delhi has upheld the deletion of an addition for alleged bogus loss from Client Code Modification. The tribunal ruled that the mere non-response of a broker to an inquiry is not enough to prove connivance without concrete evidence
The ITAT Delhi has ruled that a charitable institution’s Section 11 exemption can’t be fully denied for a violation under Section 13. Exemption is restricted only to the extent of the offending amount.
ITAT Delhi annuls Mahagun Group assessments, ruling that the mandatory approval u/s 153D was given mechanically and without proper application of mind, defeating the legislative intent.
