Income Tax Act, 1961 with Section 11

Supreme Court Clarifies “Charitable Purpose” under Section 2(15) of Income Tax Act, 1961: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022)

/ Charitable Purpose, Income Tax Act, 1961, Income Tax Act, 1961 with Section 11, Income Tax Act, 1961 with Section 2(15), Judges, Pamidighantam Sri Narasimha, S. Ravindra Bhat, Uday Umesh Lalit

Supreme Court Clarifies “Charitable Purpose” under Section 2(15) of Income Tax Act, 1961 Date of the Judgment: 19 October 2022 Citation: (2022) INSC 900 Judges: Uday Umesh Lalit, CJI, S. Ravindra Bhat, J, Pamidighantam Sri Narasimha, J. Can organizations involved in activities that generate revenue, such as trade or business, still be considered charities for […]

Supreme Court Clarifies “Charitable Purpose” under Section 2(15) of Income Tax Act, 1961: Assistant Commissioner of Income Tax vs. Ahmedabad Urban Development Authority (2022) Read Post »

Supreme Court clarifies scope of mistake under Section 254(2) of Income Tax Act in Saurashtra Kutch Stock Exchange Ltd. (September 15, 2008)

/ Article 227, Constitution of India, C.K. Thakker, Companies Act, 1956, Companies Act, 1956 with Section 25, Constitutional Law, Exemption for Charitable Trusts, Income Tax Act, 1961, Income Tax Act, 1961 with Section 11, Income Tax Act, 1961 with Section 254, Judges, Lokeshwar Singh Panta

Date of the Judgment: September 15, 2008 Citation: [Not Available in Source] Judges: C.K. Thakker, J., Lokeshwar Singh Panta, J. Can the Income Tax Appellate Tribunal rectify an order if it fails to consider a decision from the High Court? The Supreme Court addressed this question in the case of Assistant Commissioner, Income Tax vs.

Supreme Court clarifies scope of mistake under Section 254(2) of Income Tax Act in Saurashtra Kutch Stock Exchange Ltd. (September 15, 2008) Read Post »

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