Charitable Trust

Income Tax

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply | Biz Flow Kit
Byadmin June 14, 2026

Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has held that the provisions of Section 115BBE of the Income Tax Act, 1961, are attracted only in cases where additions are made under…

Read More Shri Saibaba Charitable Trust Claimed Nil Income but Faced Tax on Rs. 49,321 Donation Expense; ITAT Rules Section 115BBE Tax Rate Cannot Apply | Biz Flow Kit
Income Tax

ITAT Mumbai Holds That Payments Made Out of Accumulated Income to Registered Trusts Attracts Section 11(3)(d) | Biz Flow Kit
Byadmin June 14, 2026

ITAT Mumbai Holds That Payments Made Out of Accumulated Income to Registered Trusts Attracts Section 11(3)(d) The Income Tax Appellate Tribunal (ITAT) Mumbai has upheld the addition of Rs 57.89 lakh under Section 11(3)(d) and dismissed the appeals filed by the assessee. The assessee is a charitable trust registered under Section 12A of the Income…

Read More ITAT Mumbai Holds That Payments Made Out of Accumulated Income to Registered Trusts Attracts Section 11(3)(d) | Biz Flow Kit