#Section 12
Log in to FollowSection 12 of Income Tax Act, 1961
Income Tax
Income Tax
Technical Delay in Form 10B Filing Not a Ground to Deny Tax Exemption: Madras HC
Income Tax
Income Tax
Failure to attach audited accounts with Form 10B: ITAT Allows Exemption Claim
Income Tax
Income Tax
Capital profit from sale of Fixed Assets to be routed through P&L rather than directly taken to reserves
Income Tax
Income Tax
ITAT Allows Full Salary Deduction Due to Acceptance of 75% Expenditure by Authorities
Income Tax
Income Tax
Skill Development = “Education” – ITAT Allows Sec 11 Exemption to Charitable Trust
Income Tax
Income Tax
ITAT Pune: Interest on Bank Deposits Not Covered by Mutuality; Only Proportionate Expenses Allowed
Income Tax
Income Tax
Late Form 10B Filing Not Fatal—ITAT Allows Exemption if Audit Report Filed Before Processing
Income Tax
Income Tax
ITAT Mumbai: Notional Rent Taxable on Unsold Flats Held as Stock-in-Trade (Pre-Sec 23(5) Era)
Custom Duty
Custom Duty
Supply of Personal computers from SEZ to DTA cannot be automatically classified under CTH 9804
Income Tax
Income Tax
ITAT Deletes Addition as Income Was Disclosed Despite Wrong Schedule Entry
Income Tax
Income Tax
SROs Qualify as Charitable Entities under General Public Utility: Section 2(15) – ITAT Delhi
Income Tax
Income Tax
Delay Beyond 365 Days in Filing Form 10B Cannot Be Condoned by CIT Due to CBDT Limit: Bombay HC
Income Tax
Income Tax
Section 11 Exemption Cannot Be Denied Due to Delay in Filing Audit Report: ITAT Mumbai
Income Tax
Income Tax
