Judgement

ITAT held that a valid allotment letter fixing property price and supported by bank payments is sufficient to grant relief from addition under Section 56.

ITAT Deletes Section 56 Addition: Allotment Letter Treated Valid as Enforceable Property Agreement

ITAT ruled that donations received by a charitable trust for religious celebrations were not business income and upheld the exemption under Sections 11 and 12 of the Income-tax Act.

ITAT Allows Charitable Trust Appeal: Donations Held Religious, Not Business Income

Articles

Comprehensive Guide to Senior Citizens’ Tax Benefits in India: Exemptions, Deductions, Rebate Rules, and Investment Schemes for FY 2025-26.

Senior Citizens Tax Benefits: Exemptions, Deductions, and Rebates

Using the right tools and selecting reliable insurers ensures your policy works in the manner intended, so that you can secure your family’s future while reducing your tax burden.

Tax Benefits of Life Insurance Plans

The Tribunal agreed with the assessee company, observing that the CIT(A) did not decide the matter on merits and dismissed the appeal for want of prosecution.

ITAT Gives One More Opportunity to Company to Substantiate its Case After CIT(A) Dismissed Appeal Without Merit

The Tribunal held that the issues raised by the CIT(E) for rejecting application must be raised during the assessment proceedings and not while granting registration under Section 12AB

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ITAT Deletes Section 56 Addition: Allotment Letter Treated Valid as Enforceable Property Agreement

ITAT Allows Charitable Trust Appeal: Donations Held Religious, Not Business Income

Senior Citizens Tax Benefits: Exemptions, Deductions, and Rebates

Tax Benefits of Life Insurance Plans

ITAT Gives One More Opportunity to Company to Substantiate its Case After CIT(A) Dismissed Appeal Without Merit

ITAT Directs CIT(E) to Grant Registration to Trust Under Section 12AB