#section 11
Log in to FollowIncome received from a charitable/religious trust will be tax-exempt under Section 11, provided that the activity being performed is incidental to the attainment of objectives set by the trust/institution, and separate books of account are maintained by the particular trust/institution pertaining to the business. In this article, we look at some of the major exemptions provided under Section 11 of the Income Tax Act.
Income Tax
Income Tax
Non-granting of accumulation of income u/s. 11(2) unsustainable since delay in Form 10 condoned
Custom Duty
Custom Duty
Panchnama Isn’t a Seizure Memo; Officer Must Record Reasons
Income Tax
Income Tax
Review of non-taxability of interest from FDRs as exempt as part of Corpus Fund u/s 11(1)(d) was remanded back to AO
Income Tax
Income Tax
Impossible to mention registration u/s 12AB in ITR-7: ITAT remanded the matter to AO for considering registration u/s 12 A
Income Tax
Income Tax
ITAT Refers AO to Examine Section 2(15) Allowability in Light of SC Decision
Goods and Services Tax
Goods and Services Tax
Reopening based on material available during assessment proceedings not permissible: Bombay HC
Income Tax
Income Tax
Delay in filing Form 9A condoned since the same was bona fide: Bombay HC
Income Tax
Income Tax
No denial of FTC claim due to procedural delay in filing Form 67
Income Tax
Income Tax
ITAT is final fact-finding body, need not to intervene-Madras HC
Income Tax
Income Tax
Appeal filed after 1350 days without reasonable cause not condoned: ITAT Ahmedabad
Custom Duty
Custom Duty
Redemption fine reduced as exporter not contravened any provisions of Customs Act: CESTAT Mumbai
Income Tax
Income Tax
Non-granting of registration u/s. 12AB as objective has element of commerciality not justified
Corporate Law
Corporate Law
Madras HC directed strict implementation of Sexual Harassment of Women at Workplace Act
Income Tax
Income Tax
