Disallowance of unsubstantiated marketing expenses is restricted to Rs. 5 lakhs, and Section 270A penalty is deleted. Issue Whether the complete disallowance of marketing expenses supported only by self-made vouchers is justified under Section 37(1) of the Income-tax Act, 1961 / Section 34 of the Income-tax Act, 2025, when the expenditure is reasonable relative to… Read More »
A trust predominantly engaged in cow protection cannot be classified as a religious entity or denied Section 80G approval based on dormant temple clauses or Gita discourses. Issue Whether a trust with dominant objects of cow protection, animal welfare, and ethical value education can be categorized as a “Religious Entity” under Section 12AB due to… Read More »
Valid registration granted under Section 12A(1)(ac)(i) cannot be invalidated during renewal without proper cancellation procedures. Valid registration granted under Section 12A(1)(ac)(i) cannot be invalidated during renewal without proper cancellation procedures. Issue Whether the CIT(Exemptions) can reject a renewal application filed under Section 12A(1)(ac)(ii) on the ground that the original provisional/migrated registration under Section 12A(1)(ac)(i) was… Read More »
Ex-gratia payment under BSNL VRS-2019 qualifies as retrenchment compensation fully exempt under Section 10(10B). Ex-gratia payment under BSNL VRS-2019 qualifies as retrenchment compensation fully exempt under Section 10(10B). Issue Whether ex-gratia compensation received by a retired BSNL employee under the BSNL VRS-2019 is eligible for exemption as retrenchment compensation under Section 10(10B) rather than being… Read More »
Ex-gratia under BSNL Voluntary Retirement Scheme is capital receipt exempt as retrenchment compensation under Section 10(10B). Issue Whether ex-gratia compensation received by BSNL employees under the BSNL Voluntary Retirement Scheme, 2019 constitutes retrenchment compensation under Section 10(10B) and is fully exempt from tax as a capital receipt, rather than being restricted to the Rs. 5… Read More »
Providing transportation services on commercial lines to school students does not constitute charitable purpose under section 2(15). Issue Whether an institution providing student transport services on commercial lines against a fee, generating recurring surpluses, is entitled to regular registration under Section 12AB as a charitable entity under Section 2(15) of the Income-tax Act, 1961 /… Read More »
Providing transportation services on commercial lines to school students does not constitute charitable purpose under section 2(15). Issue Whether an institution providing student transport services on commercial lines against a fee, generating recurring surpluses, is entitled to regular registration under Section 12AB as a charitable entity under Section 2(15) of the Income-tax Act, 1961 /… Read More »
THE TAXATION AND OTHER LAWS (AMENDMENT) BILL, 2026 AS PASSED BY LOK SABHA ON 6.8.2026 Bill No. 150-C of 2026 THE TAXATION AND OTHER LAWS (AMENDMENT) BILL, 2026 ABILL further to amend the Payment and Settlement Systems Act, 2007 and the Income–taxAct, 2025, and to amend the Finance Act, 2026. BE it enacted by Parliament… Read More »
Made by Google Event Take the Stage Made by Google Event Take the Stage #MadeByGoogle This lineup is stacked and we’re not just talking about the new Google Pixel devices 🤩. See the magic all come together at #MadeByGoogle on August 12 at 6pm ET. Sign up now: https://goo.gle/4571LT8 The Made by Google event is… Read More »
Take a look at short films created by our latest group of artists in Google’s Flow Sessions program. Take a look at short films created by our latest group of artists in Google’s Flow Sessions program. We just wrapped our fourth cohort of Flow Sessions. This six-week creative partner program brings artists together to connect and… Read More »