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    • Trust is Trustworthy, not a Device to Evade Tax: ITAT Delhi
      Blog

      Trust is Trustworthy, not a Device to Evade Tax: ITAT Delhi

      In its recent ruling[1], the Income Tax Appellate Tribunal Bench at Delhi (ITAT) has reiterated the well-established principles, including (i) validity of Trusts; (iii) use of Trusts to hold treasury ...

      July 3, 2020
    • Depreciation-of-Assets-Claim-by-Trusts-SMM
      Blog

      Delhi ITAT clarifies the issues around claim of depreciation of assets and carry forward of expenditure by trusts

      In a very recent judgment of Income Tax Appellate Tribunal, Delhi (ITAT) in DCIT(E) v. Smt. Angoori Devi Educational & Cultural Society (Angoori Devi),[1] two very important questions in relation ...

      August 26, 2019
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