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INCOME TAX APPELLATE TRIBUNAL NEWS

Bombay HC upholds tribunal finding that Shirdi trust eligible for I-T exemption on anonymous donations

October 09, 2024 5:21 am

The HC held that substantial anonymous donations received in the 'hundi' by the Sai Baba Trust are not liable to be taxed under Section 115BBC (1) of the Income Tax (I-T) Act.

On February 16, the Congress had announced that its bank accounts had been frozen by the I-T department in connection with a dispute over a tax demand of Rs 210 crore,

Congress moves Delhi High Court against I-T notice for recovery of over Rs 105 crore outstanding tax

March 12, 2024 10:48 am

A division bench of Justices Yashwant Varma and Purushaindra Kumar Kaurav listed the matter for Tuesday.

Tribunal grants income tax exemption to Punjab society for plastic waste

July 19, 2023 10:52 am

The CIT (Exemptions) had argued that the society's activities didn't qualify as 'charitable purpose' under Section 2(15) of the I-T Act, as they were limited to specific companies and didn't benefit the general public. Therefore, the application was rejected.

Appointments to ITAT: SC tells govt to give post-selection info on candidates to search panel

May 18, 2022 2:54 am

The court was hearing a plea seeking initiation of contempt proceedings against senior government officials for delaying appointments to ITAT.

I-T Appellate Tribunal refuses to stay tax demand against juice startup

February 17, 2022 2:51 am

The income tax (I-T) demand pertains to additions made by the department on issuance of shares by Raw Pressery to a few Mauritius-based companies and actor Jacqueline Fernandes at high premium, ranging from Rs 2,401 to Rs 2,786, on shares of Rs 100 each even as the company was making losses.