#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
Writ dismissed as alternative remedy u/s. 16 of Black Money Act available: Delhi HC
Corporate Law
Corporate Law
Fresh application u/s. 11(6) of Arbitration and Conciliation Act not maintainable as no liberty granted at the time of withdrawal of first application
Corporate Law
Corporate Law
Corporate debtor to be taken in liquidation due to non-implementation of resolution plan even after lapse of 5 years
Corporate Law
Corporate Law
Scope of inquiry u/s. 11 of Arbitration and Conciliation Act is limited: Supreme Court
Income Tax
Income Tax
Rejection of Transactional Net Margin Method without reasons is not justifiable: Delhi HC
Custom Duty
Custom Duty
Conditional bail granted to accused involved in smuggling of foreign origin gold: Patna HC
Income Tax
Income Tax
Taxation of Charitable Trusts Not Registered Under Income Tax Act, 1961
Income Tax
Income Tax
Revision u/s. 263 quashed as AO duly assessed NIL income due to proper application of funds
Income Tax
Income Tax
No applicability of Doctrine of Merger as Income retained by CPC was same as from Intimation u/s 143(1)(a)
Income Tax
Income Tax
AO not permitted to take different stand on same issue over different years: ITAT Chennai
Income Tax
Income Tax
ITAT Restores Section 11 Exemption Claim as Delay in Filing Form 10B Was Condoned
Income Tax
Income Tax
Non-disposal of application for registration u/s 12AA within six months didn’t result in “Deemed Registration”
Goods and Services Tax
Goods and Services Tax
HC held mere mentioning of wrong VAT provision did not invalidate order in case Authority had proper Jurisdiction
Income Tax
Income Tax
