Judgement

Since the factual conditions of Section 54F, such as the timing of investment and quantum of investment, were not verified earlier, the Tribunal remanded the matter back to the Assessing Officer.

ITAT Allows Fresh Review of Capital Gains Exemption Claimed Under Section 54F

Tribunal holds that selective funding of political content and editorial influence violated charitable objectives under Section 12AB

Selective Funding of Political Content Justifies Cancellation of Section 12AB Registration: ITAT

Tribunal rules that technical errors in paperwork cannot deny Section 11(2) benefits. The trust’s actual use of funds for charitable purposes was fully established.

Technical mistake in Form 10 alone is not enough to deny benefit to trust: ITAT

Payment for live feed of cricket matches does not involve copyright or enduring rights; no royalty income arises

Live Cricket Telecast Fees Are Not Royalty: Delhi High Court Dismisses Tax Appeal Against Sri Lanka Cricket

Recovery of alleged excess allowance quashed for violating principles of natural justice; authorities directed to issue show cause notice first

HC: Salary Recovery of Risk & Hardship Allowance Without Show Cause Violates Natural Justice

News

Budget 2026 marks a transition phase where tax changes will be aligned with the new Income Tax Act, 2025, shifting from section-based provisions to a simplified schedule-based structure.

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ITAT Allows Fresh Review of Capital Gains Exemption Claimed Under Section 54F

Selective Funding of Political Content Justifies Cancellation of Section 12AB Registration: ITAT

Technical mistake in Form 10 alone is not enough to deny benefit to trust: ITAT

Live Cricket Telecast Fees Are Not Royalty: Delhi High Court Dismisses Tax Appeal Against Sri Lanka Cricket

HC: Salary Recovery of Risk & Hardship Allowance Without Show Cause Violates Natural Justice

Budget 2026 and New Income Tax Act 2025: Why Tax Rules Are Changing Before They Begin