Corpus Donations to Educational Trust Are Tax-Exempt Under Section 11(1)(d): ITAT Ahmedabad

The Income Tax Appellate Tribunal, Ahmedabad Bench allowed exemption on corpus donations under Section 11(1)(d), directing the AO to grant relief to Falahe Darain Education Society, which received Rs 48,38,779 during the assessment year under Income Tax Act 1961.

Income Tax Act Amendments| Rs.16.5 Lakh Crore Reassessment Cases Pending, Hearing on April 6: Centre To Supreme Court

The Supreme Court of India was informed by the Government of India about proposed amendments to Section 150, effective April 1, 2026. Representing the Union of India, the ASG said changes would affect pending assessment and reassessment cases nationwide.