Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
ITAT dismissed revenue's appeal challenging CIT(A)'s allowance of exemption under Section 10(23C)(via) to assessee-trust. Revenue initially denied exemption due to non-filing of Form 10BB, but CIT(A) permitted the claim as Form 10BB was subsequently filed within timeframe prescribed by CBDT Circular No.16/2024 dated 18.11.2024. ITAT upheld CIT(A)'s decision, noting revenue failed to identify specific errors in the order. Assessee possessed provisional approval under Section 10(23C)(via) for assessment years 2022-2023 and 2024-2025 through order dated 30.09.2021, and requisite Form 10BB was properly filed. Revenue's appeal dismissed for lack of demonstrable error in lower authority's reasoning.
ITAT dismissed revenue's appeal challenging CIT(A)'s allowance of exemption under Section 10(23C)(via) to assessee-trust. Revenue initially denied exemption due to non-filing of Form 10BB, but CIT(A) permitted the claim as Form 10BB was subsequently filed within timeframe prescribed by CBDT Circular No.16/2024 dated 18.11.2024. ITAT upheld CIT(A)'s decision, noting revenue failed to identify specific errors in the order. Assessee possessed provisional approval under Section 10(23C)(via) for assessment years 2022-2023 and 2024-2025 through order dated 30.09.2021, and requisite Form 10BB was properly filed. Revenue's appeal dismissed for lack of demonstrable error in lower authority's reasoning.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
