Tag Archives: IN THE ITAT JAIPUR BENCH

CIT(E) cannot reject trust registration renewal over past amendments; matters remanded for verification.

By | June 24, 2026
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CIT(E) cannot reject trust registration renewal over past amendments; matters remanded for verification. Issue Whether the CIT(E) is justified in rejecting a trust’s Section 12A registration renewal application based on non-registration under a State Trust Act, historical object amendments, and financial advances when these details were already on record during its previous 2021 re-registration. Whether… Read More »

Bona fide mistake by elderly taxpayer in using simplified ITR form exempts them from Black Money Act non-disclosure penalties.

By | June 19, 2026
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Bona fide mistake by elderly taxpayer in using simplified ITR form exempts them from Black Money Act non-disclosure penalties. Issue Whether a harsh penalty under Section 43 of the Black Money Act, 2015 can be sustained for the non-disclosure of foreign bank accounts against an 80-year-old taxpayer who mistakenly used ITR-1 (Sahaj), paid full taxes… Read More »

Bona fide belief of a salaried employee exempts them from harsh Black Money Act non-disclosure penalties.

By | June 19, 2026
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Bona fide belief of a salaried employee exempts them from harsh Black Money Act non-disclosure penalties. Bona fide belief of a salaried employee exempts them from harsh Black Money Act non-disclosure penalties. Issue Whether a penalty of ₹10 lakh under Section 42 read with Section 46 of the Black Money Act, 2015 can be sustained… Read More »