#Section 12
Log in to FollowSection 12 of Income Tax Act, 1961
Income Tax
Income Tax
Reopening Based Only on ACB Report: ITAT Quashes All 147 & 263 Orders
Income Tax
Income Tax
No Retrospective Cancellation: ITAT Rejects PCIT Action on 12A/12AB Without Section 120 Order
Income Tax
Income Tax
Exemption Under Sections 11 & 12 Cannot Be Denied for Procedural Delay in Form 10B: ITAT Hyderabad
Income Tax
Income Tax
Sec 270A Penalty Invalidated: AO Failed to Specify Misreporting Clause
Income Tax
Income Tax
TDS or Invoice Can’t Kill Charity – ITAT Says ₹5.97 Cr Is Donation, Not Business Income
Income Tax
Income Tax
Trial Run Power Receipts Are Capital in Nature – ITAT Rejects Revenue’s Tax Claim
Income Tax
Income Tax
ITAT Kolkata Holds Forex Derivative Loss is NOT Speculative – Allowed as Normal Business Loss
Corporate Law
Corporate Law
Liquidation u/s. 33 initiated on failure to implement resolution plan
Income Tax
Income Tax
Caste-based objects no bar for pre-1961 Act trusts – 1930 religious trust protected from s.13 bar entitled to Section 11 & 12 benefits
Corporate Law
Corporate Law
Successful Resolution Applicant cannot be forced to deal with claim that resolution plan
Income Tax
Income Tax
Delay in Filing Form 10B Condoned Due to Auditor’s Error: Bombay HC
Income Tax
Income Tax
Delay of 29 days in filing Form No. 10B condoned as denial of exemption u/s. 11 will cause genuine hardship
Income Tax
Income Tax
Section 11 & 12 Exemption cannot Be Denied Merely for Late Form 10B, Corpus Donations Exemption Cannot Be Denied Without Hearing
Income Tax
Income Tax
