#Section 12
Log in to FollowSection 12 of Income Tax Act, 1961
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
Loss on foreign currency derivative transaction and exchange rate difference allowed as expense
Income Tax
Income Tax
Section 12AB Renewal for Small Charitable Trusts: 5-Year vs. 10-Year Validity
Income Tax
Income Tax
Non-Receipt of Notice & CA’s Death Justifies Non-Compliance: ITAT Bangalore
Income Tax
Income Tax
ITAT Delhi Deletes Rs.8.16 Cr Addition on Share Capital & Commission – AO’s Suspicion Insufficient
Custom Duty
Custom Duty
