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Income Tax : Perquisites and Profits in Lieu of Salary are important components of taxable income under the Income Tax Act of 1961. These refer...
Income Tax : Budget 2025-26 focuses on growth, tax relief, and investment. GDP projected at 6.3-6.8%, new tax slabs ease burden on middle class...
Income Tax : Explore the New Tax Bill 2025, replacing the Income Tax Act of 1961. Learn about its simplified structure, global alignment, and c...
Income Tax : Explore the feasibility of flat tax in India. Analyze its impact on equity, revenue, and socio-economic challenges compared to pro...
Income Tax : Explore how new tax rebate under Section 87A allows individuals to avoid tax on incomes up to Rs 12 lakh. Learn through illustrati...
Income Tax : CPC (TDS) reminds deductors to file TDS Statement 26Q for Q2 FY 2024-25. Late/non-filing may attract fees and affect TDS credit fo...
Income Tax : Union Cabinet has approved the new Income Tax Bill 2025, aiming to simplify and modernize India's tax system by replacing the 1961...
Income Tax : CBI registers case against 9, including Deputy Commissioner, 2 Inspectors, and 5 CAs, for sabotaging Faceless Tax Scheme; searches...
Income Tax : India's tax arrears stand at ₹47 lakh crore as of Dec 2024. CBDT & CBIC are taking steps, including asset identification, litiga...
Income Tax : India decriminalizes minor direct tax offenses to ease compliance. New measures include litigation management, compounding guideli...
Income Tax : Therefore, the procedure that is required to be completed for issuance of notice under Section 148 of the Act is required to be co...
Income Tax : ITAT Pune deletes additions against Ganraj Homes LLP based on extrapolated on-money allegations, citing lack of corroborative evid...
Income Tax : ITAT Chennai held that addition under section 69 towards unaccounted gold and silver jewellery set aside relying on CBDT instructi...
Income Tax : Kerala High Court held that recovery of tax arrears by income tax department from property that was already auctioned by Kerala Ge...
Income Tax : Delhi High Court held that license fees paid to M/s. Remfry & Sagar for use goodwill vested in the company is allowable as deducti...
Income Tax : The Indian government is set to introduce the new Income Tax Bill, 2025, in the Lok Sabha on February 13, 2025. This comprehensive...
Income Tax : Bhaikaka University, Gujarat, is approved for scientific research under Section 35(1)(ii) of the Income Tax Act, 1961, effective f...
Income Tax : Notification No. 14/2025 updates Form 49C submission rules for liaison offices under the Income-Tax Act. Filing deadline set to 8 ...
Income Tax : CBDT amends Income-Tax Rules, 1962, updating regulations for Infrastructure Debt Funds, including investment criteria, bond issuan...
Income Tax : CBDT authorizes data sharing with DFPD to identify PMGKAY beneficiaries. MoU to govern data confidentiality, transfer mode, and ti...
NC Notification No. 96/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1875(E), DATED 11-8-2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 35, “Pre-primary and primary school” by Jamia Islamia Ishaatul Uloom, Amlibari Molgi Road, District Nandurbar, A/P. Akkalkuwa, Maharashtra – 425 415, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 95/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1874(E), DATED 11-8-2011 Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.60(E), dated the 22nd January, 2003, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 1, “Corpus fund for Siva Sakhti Sathya Sai Charitable Trust” by Siva Sakhti Sathya Sai Charitable Trust, No. 3, Ponniyamman Koil Stree, Alapakkam
NC Notification No. 94/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1873(E), DATED 11-8-2011 – Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.973(E) dated the 14th December, 1995, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 13, for “Running of free medical aid services at NOIDA” by Kailash Charitable Trust, C-320, Sector-19, NOIDA-201301, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997,
NC Notification No. 93/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1872(E), DATED 11-8-2011 – Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.180(E), dated the 10th March, 1997, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 17, “Construction, equipments and furnishing of a 50 bed Hospice for the care of the terminally ill Cancer patients at Bangalore,
NC Notification No. 92/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1871(E), DATED 11-8-2011 – Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E), dated 13th March, 2009, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 2, “Recurring cost for Thalassemia Screening Programmes, Disaster Management Programmes, Mobile Medicare programmes, Distribution of Artificial Limbs and disability Aids, Equipments for Physiotherapy Centre, running cost of senior citizen’s Home” by Indian Red Cross Society, Gujarat State Branch, Red Cross Bhavan, Near Khadi Gram Udyog Board, Ashram Road, Vadaj, Ahmedabad – 380 013, Karnataka, Tamilnadu, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 91/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1870(E), DATED 11-8-2011 – Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1275(E), dated the 9th December, 2002, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 1, “Disability Reduction Project” by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road, Mumbai – 400002,
NC Notification No. 90/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1869(E), DATED 11-8-2011 -Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.469(E), dated the 2nd July, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, “Mid-day Meal Scheme in eighteen schools of Bangalore” by Maria Seva Sangha,
NC Notification No. 89/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1868(E), DATED 11-8-2011- Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 4396(E), dated 12th November, 2008, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 2, “Farmers Rehabilitation Project (providing education to 1,00,000 farmers children and assistance to 5000 self help groups of women and counselling and medical help)” by Mata Amritanandamayi Math, Amritapuri PO, Kollam District, Kerala- 6900525, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
NC Notification No. 88/2011 – Income Tax [F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1867(E), DATED 11-8-2011 -Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 4, “Comprehensive Rehabilitation of leprosy patients and leprosy affected families” by The Leprosy Mission Trust India, CNI Bhavan, 16 Pandit Pant Marg, New Delhi – 110001, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which extended further vide Notification number S.O.2393(E), dated 3rd October, 2008 for a further period of three years beginning with the financial year 2008-09;
In our considered view, the Commissioner (Appeals) and the CESTAT in the order impugned have considered the material on record and if there is some evidence on the basis of which the primary and appellate authorities have based their conclusions, then the fact that better evidence ought to have been marshalled by the assessee and absence of the substantive evidence of invoices, was not considered, would not constitute a substantial question of law warranting consideration by this Court under Section 35G of the Act, in an appeal.
