ITAT Cochin ruled that a religious trust can claim tax exemption under Sections 11 and 12 if its Section 12AA registration is granted during a pending assessment.
ITAT Cochin rules that a trust with both religious and charitable objects cannot be denied registration under Section 12A, citing a key Supreme Court precedent.
ITAT Cochin rules that Section 12A registration for a religious trust cannot be denied simply because the trust deed is not registered with the Registrar of Documents.
The ITAT Cochin confirmed penalties against a primary agricultural credit society for violating Sections 269SS and 269ST, ruling that a lack of an RBI license prevents it from being classified as a co-operative bank.
The ITAT Cochin confirmed income additions against K.K. Radhakrishnan, rejecting arguments of mechanical approval and lack of incriminating material found during a search.
ITAT Cochin dismissed a taxpayer’s appeal against an addition for unexplained house construction costs, stating DVO’s valuation must be challenged separately.
The ITAT Cochin has ruled that cash payments to the Kerala Electricity Board are not subject to disallowance under Section 40A(3), as the board is considered a government entity.
ITAT Cochin has sent a Rs. 5.56 crore demonetization cash deposit case back to the CIT(A) for re-adjudication, citing a lack of verification on sales and stock.
The ITAT Cochin ruled that registration under Section 12A cannot be canceled solely based on issues related to income tax assessments or minor operational details.
ITAT Cochin has ruled that banks can claim a bad debt deduction under Section 36(1)(vii) even if their claim under Section 36(1)(viia) is disallowed. This is a crucial precedent.
