Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
Page of 4807
Press 'Enter' after typing page number.
401 to 420 of 96140 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 12AB(4) could not be used to cancel charitable...
Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenuine activity.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Section 12AB(4) could not be used to cancel charitable registration retrospectively for years before its insertion on 1 April 2022, so cancellation from AY 2018-19 was unsustainable. The Tribunal also held that clause (e) of the Explanation to section 12AB(4) applies only where the activity itself is not genuine or is not carried on in accordance with registration conditions, and that clause (a) must be read purposively to cover diversion away from the institution's objects. Allegations of benefit to specified persons under section 13(3), without proof that the educational activity was sham or that charitable objects were abandoned, did not justify cancellation; such issues are to be addressed at assessment stage. The cancellation order was quashed and registration restored.
Section 12AB(4) could not be used to cancel charitable registration retrospectively for years before its insertion on 1 April 2022, so cancellation from AY 2018-19 was unsustainable. The Tribunal also held that clause (e) of the Explanation to section 12AB(4) applies only where the activity itself is not genuine or is not carried on in accordance with registration conditions, and that clause (a) must be read purposively to cover diversion away from the institution's objects. Allegations of benefit to specified persons under section 13(3), without proof that the educational activity was sham or that charitable objects were abandoned, did not justify cancellation; such issues are to be addressed at assessment stage. The cancellation order was quashed and registration restored.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4807 
Join Channel 
