Articles

High Court had upheld the Supreme Court's ruling, which stated that the benefits under section 28(iv) should not be taxed if they are in the form of money.

Benefits Under Section 28(iv) Cannot be Taxed if Received in Cash: ITAT upholds SC's Order

Judgement

The Tribunal dismissed Revenue’s appeals, holding that unverified diary entries of the searched group had no nexus with the assessee’s books.

ITAT Quashes Revenue’s Rs. 9.8 Crore Additions; Rejects Evidence from Third-Party Seized Diary

Notifications

CBDT grants income tax exemption to the Ajmer Development Authority under Section 10(46A) effective from AY 2024-25.

MoF Grants Tax Exemption to Ajmer Development Authority u/s 10(46A) of Income-tax Act

The Central Government grants Jalandhar Development Authority income tax exemption under Section 10(46A) of Income Tax Act.

CBDT Notifies Tax Exemption to Jalandhar Development Authority u/s 10(46A) of Income-tax Act

CBDT has granted tax exemption to Tamil Nadu Pollution Control Board in subject to a condition under section 10 of Income-tax Act, 1961.

CBDT Notifies Tamil Nadu Pollution Control Board Tax Exempted u/s 10 of Income Tax

ITAT held that political parties are not exempt from TDS on interest under section 194A and sent Vijaya Bank’s Rs. 6.98 crore disallowance dispute back for fresh verification under section 201(1).

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Benefits Under Section 28(iv) Cannot be Taxed if Received in Cash: ITAT upholds SC's Order

ITAT Quashes Revenue’s Rs. 9.8 Crore Additions; Rejects Evidence from Third-Party Seized Diary

MoF Grants Tax Exemption to Ajmer Development Authority u/s 10(46A) of Income-tax Act

CBDT Notifies Tax Exemption to Jalandhar Development Authority u/s 10(46A) of Income-tax Act

CBDT Notifies Tamil Nadu Pollution Control Board Tax Exempted u/s 10 of Income Tax

ITAT Rules Political Parties Not Exempt from TDS: Vijaya Bank Case Remanded for Fresh Review