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Time of India
8 hours ago
- Time of India
HC upholds ITAT order granting 80G approval to Raipur-based society
Raipur: In a significant judgment, the Chhattisgarh High Court upheld a decision by the Income Tax Appellate Tribunal (ITAT) that allowed a Raipur-based society to receive tax exemption benefits under Section 80G of the Income Tax Act. The court ruled that since the society already had a valid registration under Section 12AA—which confirms its charitable status—the Income Tax Department could not deny 80G approval by questioning its activities. The court dismissed the department's appeal, stating that the ITAT followed legal precedent and committed no error in granting the relief. The High Court ruled that the Income Tax Appellate Tribunal (ITAT) was correct in directing that a society should be granted approval under Section 80G of the Income Tax Act, 1961, as long as its registration under Section 12AA of the Act is in existence. The court dismissed an appeal filed by the Income Tax Department, stating that no illegality or irregularity was committed by the ITAT in setting aside an order from the Commissioner of Income Tax (CIT). Section 80G of the Income Tax Act, 1961 provides tax deductions to individuals and companies who donate to charitable institutions and funds in India, while Section 12AA of the Income Tax Act, 1961 deals with the registration of trusts and other charitable or religious institutions to avail tax exemptions on their income. The case involves a society that applied for approval under Section 80G of the Act on 28 Feb 2014. The CIT, Raipur, rejected the application on 25 Aug 2014, finding that the society was engaged in commercial activities and could not be considered a charitable organisation. The CIT noted that the society was running institutes on commercial lines, took large bank loans for infrastructure, and rented out its buildings for commercial purposes. The society filed an appeal with the ITAT, Raipur Bench, which allowed the appeal on 15 Jan 2019. The ITAT set aside the CIT's order and directed that the society be granted approval under Section 80G. The Income Tax Department, challenging the ITAT's decision, argued that the tribunal failed to appreciate that the society was providing vocational education for a fee, which it said did not qualify as "education" under Section 2(15) of the Act. The department contended that the society's work was commercial and not charitable. Counsels for the society, Sumesh Bajaj and Rishabh Bajaj, supported the ITAT's order. They argued that benefits under Section 80G of the Act cannot be denied if registration under Section 12AA is valid and has not been cancelled. They stated that the society's registration was renewed until Assessment Year 2026-27. The counsel cited judgments from the Supreme Court and the High Courts of Gujarat and Punjab and Haryana to support their arguments. After hearing both sides and reviewing the orders, Chief Justice Ramesh Sinha and Justice Bibhu Datta Guru ruled in favour of the society. The court noted that the ITAT's decision was based on a precedent from the Gujarat High Court, which held that once registration under Section 12AA of the Act is granted, the benefits cannot be denied. The court observed that the department had not presented any material to show that the decision relied upon by the ITAT was set aside by a higher judicial forum. It held that the ITAT had not committed any illegality or irregularity. The High Court answered the substantial question of law in favour of the respondent and against the appellant. It upheld the ITAT's decision, ruling that as long as the registration under Section 12AA of the Act is in existence, the Income Tax Department cannot make a further enquiry into the genuineness of the society's activities and whether they are charitable. The appeal filed by the Income Tax Department was dismissed. Get the latest lifestyle updates on Times of India, along with Friendship Day wishes , messages and quotes !
India.com
2 days ago
- India.com
Karnataka Minister KJ George calls IT raids 'routine exercise', refuses link to smart meter contract, says there is no connection...
Karnataka's Minister for Energy KJ George New Delhi: In a major development, Karnataka's Minister for Energy KJ George refuted any connection between recent Income Tax department raids at a prominent tech park in Bengaluru and the state's smart meter initiative or the Bangalore Electricity Supply Company (BESCOM) and said that they were 'a routine regulatory exercise' related to IT filings and had nothing to do with any government project. In a firm statement issued via his official social media handle, the minister termed the allegations circulating in a section of the media as 'completely baseless, misleading, and politically motivated.' 'There is no connection whatsoever between the smart meter project or BESCOM and the Income Tax department's raids,' George said. 'I strongly condemn this attempt to mislead the public and draw false links to the Energy Department.' This comes after the Income Tax Department conducted surveys from July 28 to 30 at multiple locations connected to George and real estate tycoon Jitu Virwani of the Embassy Group, including Golflinks Software Park Private Limited in Bengaluru. KJ George Issues Statement: In view of the misinformation being circulated regarding myself and the companies under my chairmanship, purportedly in connection with the #SmartMeterInitiative and the #EnergyDepartment of the Government of Karnataka, we wish to issue the following clarification: The recent interaction with the #IncomeTax Department was a routine regulatory exercise solely pertaining to the verification of our companies' income tax filings. There is no connection whatsoever to any government project or department, including the #SmartMeter program or the #EnergyDepartment. Our teams extended full cooperation to the authorities during this scheduled compliance review, consistent with our long-standing commitment to transparency and adherence to the law. We categorically reject and strongly refute any speculative or misleading claims suggesting otherwise. We urge all concerned to exercise discretion and refrain from spreading or endorsing baseless allegations. BJP's Allegation: To recall, in March this year, the Bharatiya Janata Party alleged a massive Rs 15,568 crore scam in Karnataka's smart meter procurement process. The saffron camp accused the Siddaramaiah-led Congress government of favouritism and irregularities in the tendering process. Echoing this stance, Golflinks Software Park clarified in an official statement that the survey conducted under Section 133A of the Income Tax Act was routine in nature and 'has no connection to public officials, state government departments, BESCOM contracts, or smart meter-related matters.'
News18
2 days ago
- News18
How To File ITR-1 Yourself? A Step-By-Step Guide For Online Filing In AY 2025-26
Last Updated: Salaried individuals with simple income sources can file ITR-1 online easily. If you are a salaried individual with a basic income structure, filing your Income Tax Return (ITR) using the ITR-1 form is one of the easiest options. For the Assessment Year 2025-26 (Financial Year 2024-25), the Income Tax Department has extended the deadline to September 15, giving taxpayers extra time to complete their filings. The ITR-1 form is designed for Resident Individuals (ROR) with total annual income up to Rs 50 lakh. It covers income sources like: – Salary or pension, – One house property, – Other sources, such as interest from savings accounts or fixed deposits, and dividend income. You can also use ITR-1 if you have agricultural income up to Rs 5,000. New this year, even those earning long-term capital gains (LTCG) up to Rs 1.25 lakh from listed shares or equity mutual funds can now file using this form. By downloading and uploading an Excel or Java utility, When you file directly on the portal, most of your income details (like salary, TDS, and bank interest) are pre-filled, reducing the chance of errors and saving time. Step-by-Step Guide to File ITR-1 Step 1: Go to and log in with your PAN/Aadhaar and password. Step 2: Navigate to E-File > Income Tax Returns > File Income Tax Return. Step 3: Select Assessment Year 2025-26, choose Online mode, and click Continue. Step 4: Click Start New Filing, select Individual, and proceed. Step 5: Pick ITR-1, then click on Proceed with ITR-1 > Let's Get Started. Step 6: Choose your reason for filing; for example, 'Taxable income is more than the basic exemption limit." Step 7: Fill in sections like: Personal details, Income details, Deductions, Tax paid, Final tax summary. Don't Forget to Verify After submitting your return, you must verify it within 30 days. Use Aadhaar OTP, EVC, DSC, or send a signed ITR-V by post to CPC Bengaluru. After verification, you'll get confirmation, and the IT Department will start processing your return. Filing ITR is now quick, convenient, and entirely online; just follow the steps and submit it before the deadline. view comments Location : Delhi, India, India First Published: News business How To File ITR-1 Yourself? A Step-By-Step Guide For Online Filing In AY 2025-26 Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
