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Digest - Section 11—Charitable trust—Exemption under section 11—Denial of exemption on account of delay in filing of audit report in Form 10B
Sikar Zilla Welfare Trust v. ITO 2024 TaxPub(DT) 6173 (Kol-Trib)
Digest - Section 11(1)(d)—Charitable trust—Classification of development fees —Revenue receipt or capital receipt
Asstt. CIT (E) v. Navratan Vidha Mandir Shiksha Samiti 2024 TaxPub(DT) 6203 (Jp-Trib)
Digest - Section 12A(1)(ac)(iii)—Charitable trust—Registration under section 12A(1) (ac)(iii)—Grant of registration—Objects of trust not restricted to the benefit of any particular community and caste
Shri Akhil Bhartiya Pashwachandra Jain Charitable Trust v. CIT(E) 2024 TaxPub(DT) 6167 (Rkt-Trib)
Digest - Section 13(1)(d)—Charitable trust—Advances to Sister Concerns and Staff—Violation of section 13(1)(d)
Asstt. CIT (E) v. Navratan Vidha Mandir Shiksha Samiti 2024 TaxPub(DT) 6203 (Jp-Trib)
Digest - Section 14—Head of income—Capital gains or Income from other sources—Loss on rollover of FCC by FPI
ACIT v. Emerging Markets Ltd. 2024 TaxPub(DT) 6243 (Mum-Trib)
Digest - Section 14—Head of income—Characterization of profit on sale of land—Business income or Capital gain
Dy. CIT v. Kruti Lalitkumar Jain 2024 TaxPub(DT) 6296 (Pune-Trib)
Digest - Section 68—Income from undisclosed sources—Addition under section 68—LTCG on sale of shares alleged to be bogus
Banwari Purshottam Bhargav v. ITO 2024 TaxPub(DT) 6032 (Mum-Trib)
Digest - Section 143(3)—Assessment—Disallowance of depreciation—Entire income being exempt under principle of mutuality
CIT v. Vapi Waste & Effluent Management Co. Ltd. 2024 TaxPub(DT) 6239 (Guj-HC)
Digest - Section 56(2)(vii)(b)—Income from other sources—Applicability of Section 56(2)(vii)(b)—Immovable property purchased below stamp duty value
Manjulaben Himmatlal Jain v. ITO 2024 TaxPub(DT) 5946 (Mum-Trib)
Digest - Section 115BBE—Taxation under section 115BBE—Unexplained cash deposits—Applicability of provision for assessment 2017-18
Sureshbhai Bhiukhabhai Patel v. ITO 2024 TaxPub(DT) 6194 (Srt-Trib)