Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
ITAT set aside the disallowance of agricultural income exemption for AY 2016-17 after finding that supporting bills and invoices had been filed but not considered, while land ownership and agricultural use evidence remained incomplete; the matter was remanded for fresh adjudication with opportunity to file further material. The deletion of the addition under section 69 for unexplained investment in immovable properties was also vacated because the appellate relief had been based on additional evidence not properly dealt with, and the applicability of section 69 was left open for the Assessing Officer. For AY 2020-21, the denial of agricultural income exemption was remanded because relied-upon adverse material was not clearly confronted to the assessee, requiring fresh decision after hearing.
ITAT set aside the disallowance of agricultural income exemption for AY 2016-17 after finding that supporting bills and invoices had been filed but not considered, while land ownership and agricultural use evidence remained incomplete; the matter was remanded for fresh adjudication with opportunity to file further material. The deletion of the addition under section 69 for unexplained investment in immovable properties was also vacated because the appellate relief had been based on additional evidence not properly dealt with, and the applicability of section 69 was left open for the Assessing Officer. For AY 2020-21, the denial of agricultural income exemption was remanded because relied-upon adverse material was not clearly confronted to the assessee, requiring fresh decision after hearing.
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