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Lack of Charitable Intent in Capitation Fee Collection: ITAT denies Section 11 Exemption

April 25, 2025 897 Views 0 comment Print

ITAT Bangalore denies Section 11 exemption to Al-Badar Trust, citing capitation fee collection as lacking charitable intent under the Income Tax Act.

Section 143(1) Intimation Invalid if Based on Return Declared Invalid by CPC: ITAT Bangalore

April 24, 2025 1641 Views 0 comment Print

ITAT Bangalore rules against disallowance under Section 143(1) citing invalidity of updated return filed under Section 139(8A) by co-op society.

Section 80G Approval can’t be Denied for Receiving School/Tuition/Exam Fees: ITAT Bangalore

April 24, 2025 837 Views 0 comment Print

ITAT Bangalore rules in favor of Anugraha Education Trust, clarifies 80G approval does not depend on fee receipts being donations.

Section 263 cannot be Invoked for Difference of Opinion on Section 54F Exemption & Indexed Cost

April 22, 2025 1023 Views 0 comment Print

ITAT Mumbai allows appeal of Jasmine Bhaskar Shah against PCIT’s Section 263 revision on exemption under 54F and indexation of gifted shares.

CBDT notifies 10 new items on which TCS needs to be collected

April 22, 2025 21972 Views 1 comment Print

The Central Board of Direct Taxes notifies tax collection at source on the sale of certain goods exceeding 竄ケ10 lakh, effective upon official publication.

No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi

April 20, 2025 1950 Views 0 comment Print

Gulshan Investment Pvt. Ltd. Vs JCIT (OSD) (ITAT Delhi) No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient:  ITAT Delhi Gulshan Investment Pvt. Ltd & others Vs JCIT -ITA No.3872/Del/2024 dt 16.4.25 The core dispute involves additions made by the AO u/s 153A following a search & […]

Quantifying Escaped Income Mandatory at Reason-Recording Stage: ITAT Delhi

April 20, 2025 4032 Views 0 comment Print

Delhi ITAT quashes reassessment in Vijender Nath Gupta case, citing AO’s failure to properly quantify escaped income during reopening.

Planning, HR, Legal & IT Support Not Taxable as FTS Under India-USA DTAA, Citing ‘Make Available’ Test

April 20, 2025 1368 Views 0 comment Print

ITAT Delhi rules Crocs Inc.’s service income not taxable in India under DTAA, as services did not “make available” technical knowledge to Crocs India.

Section 153D Approval Must Be Year-Specific, Independent & Non-Mechanical: Delhi ITAT

April 19, 2025 1875 Views 0 comment Print

Delhi ITAT: Section 153D approval requires specific application of mind per assessment year, not blanket or mechanical. Assessment quashed.

ITAT Delhi allows lease equalization and business loss write-offs

April 19, 2025 1920 Views 0 comment Print

ITAT Delhi allows Birlasoft’s claims on lease equalization and business loss write-offs, rejecting tax authority’s disallowances for AY 2014-15.

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