Charitable Trusts

Supreme Court Clarifies Assessment Procedures for Charitable Trusts: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022)

/ Charitable Trusts, Income Tax Act, 1961, Income Tax Act, 1961 with Section 2(15), Judges, Pamidighantam Sri Narasimha, S. Ravindra Bhat, Tax Assessment, Uday Umesh Lalit

Supreme Court Clarifies Assessment Procedures for Charitable Trusts: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022) LEGAL ISSUE: Clarification on the application of the Supreme Court’s judgment regarding Section 2(15) of the Income Tax Act, 1961, concerning charitable trusts and general public utility. CASE TYPE: Income Tax Law Case Name: Assistant Commissioner […]

Supreme Court Clarifies Assessment Procedures for Charitable Trusts: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022) Read Post »

Supreme Court Clarifies “Solely for Educational Purposes” Under Income Tax Act: New Noble Educational Society vs. Chief Commissioner of Income Tax (2022)

/ Andhra Pradesh Charitable and Hindu Religious Institutions and Endowments Act, 1987, Charitable Trusts, Constitutional Law, Constitutional Law with Seventh Schedule, Income Tax Act, 1961, Income Tax Act, 1961 with Section 10(23C), Interpretation of Statutes, Judges, Pamidighantam Sri Narasimha, Registration of Charitable Institutions, S. Ravindra Bhat, Tax Exemptions, Uday Umesh Lalit

Supreme Court Clarifies “Solely for Educational Purposes” Under Income Tax Act LEGAL ISSUE: Interpretation of “solely for educational purposes” for tax exemption under Section 10(23C) of the Income Tax Act, 1961. CASE TYPE: Income Tax, Charitable Trusts, Educational Institutions Case Name: M/s New Noble Educational Society vs. The Chief Commissioner of Income Tax Judgment Date:

Supreme Court Clarifies “Solely for Educational Purposes” Under Income Tax Act: New Noble Educational Society vs. Chief Commissioner of Income Tax (2022) Read Post »

Supreme Court clarifies the criteria for registration of new charitable trusts under Section 12AA of the Income Tax Act, 1961

/ B.R. Gavai, Charitable Trusts, Income Tax Act, 1961, Income Tax Act, 1961 with Section 12AA, Judges, S.A. Bobde, Surya Kant

Supreme Court Clarifies Registration of New Trusts under Section 12AA of the Income Tax Act LEGAL ISSUE: Whether a newly registered trust can be granted registration under Section 12AA of the Income Tax Act, 1961, based solely on its objects, without having undertaken any activities. CASE TYPE: Income Tax Law Case Name: M/S. Ananda Social

Supreme Court clarifies the criteria for registration of new charitable trusts under Section 12AA of the Income Tax Act, 1961 Read Post »

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