Charitable Trusts – smeaccountant

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Gujarat High Court Protects Section 11 Exemption When Form 10B Filed Before Extended Deadline

Discover how the Gujarat High Court protected the Section 11 tax exemption for AY 2019-20 after Form 10B was accepted before the extended deadline.

Prasenjit Bhowmik October 22, 2026

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Madras High Court Rules Section 13 Violation Does Not Deny Entire Trust Exemption

Madras HC clarifies that Section 13(1)(d) violations attract maximum marginal tax only on affected trust income, not the entire income.

Prasenjit Bhowmik October 14, 2026

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Understanding Section 12AB Condonation and Delayed 80G Applications

Explore the legal mechanisms for Section 12AB condonation, delayed 80G applications, and hardship relief under the Income-tax Act.

Prasenjit Bhowmik October 6, 2026

Mobile electronic traffic sign with inscription Expect delays placed on road in city street in evening time

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ITAT Chennai Rules 29-Day Form 10B Delay Does Not Bar Section 11 Exemption

ITAT Chennai holds that a 29-day delay in filing Form 10B does not deny Section 11 tax exemption if the audit report was available before intimation.

Prasenjit Bhowmik September 19, 2026

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CIT(E) Cannot Act Merely on AO’s Recommendation – Independent Satisfaction Mandatory for Grant or Rejection of U/s 12AB Registration

In a significant ruling, the Income Tax Appellate Tribunal (ITAT) has clarified that the Commissioner of Income Tax (Exemption) [CIT(E)] cannot reject applications for registration under Section 12AB of the…

Prasenjit Bhowmik May 30, 2026