Judgement

ITAT grants Section 115BAA tax benefit to private company after finding that a portal glitch caused a genuine delay in filing Form 10-IC.

ITAT Directs AO to Grant 115BAA Benefit to Company After Portal Glitch Delayed Form 10-IC

The ITAT Bangalore Directs AO to Examine Section 11 Exemption, Corpus Donations and Taxability of Net Income


ITAT Remands Charitable Trust’s Taxability Issue for Fresh Adjudication

The ITAT condones a 44-day delay by a charitable trust and remands its Rs 19.82 lakh tax dispute for fresh examination of Section 11 exemption, receipts, and allowable expenses.

ITAT Condones  44-Day Delay in Charitable Trust’s Appeal, Says Only Net Taxable Income Can Be Assessed if Exemption Fails

ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

The ITAT Pune ruled that a penalty under Section 270A cannot be sustained based on Section 115BBH, as the provision was not applicable to AY 2019-20

ITAT Deletes Section 270A Penalty as Crypto Tax Provision Not Applicable to AY 2019-20

The ITAT Bangalore Holds CPC Erred in Denying Section 115BAB Benefit Despite Timely Filing of Form 10-ID and Acceptance in Earlier Assessment Years

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ITAT Directs AO to Grant 115BAA Benefit to Company After Portal Glitch Delayed Form 10-IC

ITAT Remands Charitable Trust’s Taxability Issue for Fresh Adjudication

ITAT Condones 44-Day Delay in Charitable Trust’s Appeal, Says Only Net Taxable Income Can Be Assessed if Exemption Fails

ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11

ITAT Deletes Section 270A Penalty as Crypto Tax Provision Not Applicable to AY 2019-20

ITAT Allows 15% Concessional Tax Rate Under Section 115BAB Where Form 10-ID Was Filed Within Extended Due Date