Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Section 13(1)(b) was held inapplicable where the institution was...
Charitable institution cannot lose exemption merely because some activities incidentally benefit a religious community; retrospective registration cancellation fails too.
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 13(1)(b) was held inapplicable where the institution was engaged in charitable activity and the Revenue relied only on an alleged incidental benefit to a particular religious community; the Tribunal deleted the additions for school construction and auto distribution expenses because the assessee was not shown to be created or established for that community. It also set aside retrospective cancellation of registration under the amended registration regime, holding that cancellation cannot be pushed back to earlier years absent express legislative authority, especially where the underlying section 13(1)(b) basis had already failed.
Section 13(1)(b) was held inapplicable where the institution was engaged in charitable activity and the Revenue relied only on an alleged incidental benefit to a particular religious community; the Tribunal deleted the additions for school construction and auto distribution expenses because the assessee was not shown to be created or established for that community. It also set aside retrospective cancellation of registration under the amended registration regime, holding that cancellation cannot be pushed back to earlier years absent express legislative authority, especially where the underlying section 13(1)(b) basis had already failed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4803
Join Channel
TaxTMI 
