Daily Archives: July 27, 2026

Development Fee Allegations and Technical Violations Cannot Disqualify Registered Educational Trust from Section 11 Exemption

By | July 27, 2026
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Development Fee Allegations and Technical Violations Cannot Disqualify Registered Educational Trust from Section 11 Exemption Issue Whether a registered educational trust can be denied exemption under Sections 11 and 12 on allegations of collecting capitation fees, claiming pre-AY 2015-16 depreciation, or acquiring assets via loans prior to receiving compensation under Section 11(1A). Facts Charitable Activity… Read More »

Automated CPC Technicality Cannot Defeat Legitimate Section 10AA Exemption Claimed with Belated Form 56F

By | July 27, 2026
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Automated CPC Technicality Cannot Defeat Legitimate Section 10AA Exemption Claimed with Belated Form 56F Issue Whether an automated processing centre (CPC) can deny a legitimate deduction under Section 10AA on procedural grounds when the required audit report (Form 56F) was obtained prior to filing the return but uploaded shortly thereafter, and whether the inability of… Read More »

Cancellation Agreement and Fresh Additional Evidence Warrant Re-evaluation of Section 54F Capital Gain Exemption

By | July 27, 2026
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Cancellation Agreement and Fresh Additional Evidence Warrant Re-evaluation of Section 54F Capital Gain Exemption Issue Whether an order denying exemption under section 54F based on a development agreement should be set aside and remanded to the Assessing Officer when crucial additional evidence—including a cancellation agreement—was admitted under Rule 29 of the ITAT Rules. Facts Return… Read More »

HIGHLIGHTS OF CABINET MEETING -FRIDAY 17 JULY 2026

By | July 27, 2026
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HIGHLIGHTS OF CABINET MEETING -FRIDAY 17 JULY 2026 1.Cabinet has agreed to the promulgation of the Double Taxation Avoidance Agreement (India) (Amendment) Regulations 2026, which will provide for the coming into operation of the Protocol, signed on 07 March 2024, amending the Double Taxation Avoidance Agreement(DTAA)between Mauritius and India, to provide, inter alia, for the… Read More »