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ITAT Mumbai Rules on Section 12AB Renewal and Trust Irrevocability Clauses
Explore the ITAT Mumbai ruling stating that the absence of an express irrevocability clause alone cannot defeat a Section 12AB trust renewal application.
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BSNL VRS-2019 Compensation Gets Full Sec. 10(10B) Exemption; ITAT Condones 1,404-Day Delay
In a notable tax ruling, the Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to former employees of Bharat Sanchar Nigam Limited (BSNL). Official reports…
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Hyderabad ITAT Rules in Favor of BSNL VRS-2019 Tax Exemptions
The Hyderabad ITAT has ruled that BSNL VRS 2019 retirees qualify for full tax exemptions under Section 10 10B and condoned major filing delays.
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ITAT Delhi Rules Foreign Life Policy Is Not Undisclosed Asset and Maturity Proceeds Are Exempt
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that a foreign life insurance policy acquired while an individual was a non-resident Indian (NRI) does not constitute an undisclosed…
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Jodhpur ITAT Denies Section 10(23C)(iiiab) Exemption Due to Insufficient Government Grants
The Jodhpur ITAT denied a Section 10 23C iiiab tax exemption because government grants fell below the required threshold for educational institutions.
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Jodhpur ITAT Rules on Provisional U/s 12A/80G Cancellation Procedures
In a significant legal development for charitable and religious organizations, the Jodhpur Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the provisional cancellation of registrations under Sections…
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BSNL VRS-2019 Compensation Exempt u/s 10(10B) as Retrenchment Pay: ITAT
ITAT Nagpur rules that BSNL VRS 2019 payouts qualify as tax-exempt retrenchment compensation under Section 10 10B. Learn how this impacts your taxes.
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Kerala High Court Rules on Medical PG Stipend and Salary Classification
The Kerala High Court ruled that medical PG stipend tax disputes must go through statutory appeals, clarifying salary classifications for trainees.
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Chennai ITAT Restores Agricultural Income Claim for Fresh Adjudication
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has officially restored a series of appeals concerning tax exemptions on agricultural income. This legal development provides taxpayers with a…
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CESTAT Ruling Grants Major Tax Relief for Municipal Water Infrastructure Projects
CESTAT's landmark ruling exempts municipal water infrastructure projects from service tax, providing major relief for public utility services.