Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
A trust's publication and natural dyeing activities did not negate approval where they were intrinsically linked to its objects of livelihood, skill development, training and employment for disadvantaged rural women, artisans and marginalised communities. The Tribunal held that generation of receipts alone did not show a profit motive, especially where expenditure on wages was substantial and income did not exceed expenditure in some years. It also noted the trust's genuineness, existing registration and absence of any diversion of funds or private benefit. The rejection of approval under section 80G(5) was set aside and approval was directed to be granted.
A trust's publication and natural dyeing activities did not negate approval where they were intrinsically linked to its objects of livelihood, skill development, training and employment for disadvantaged rural women, artisans and marginalised communities. The Tribunal held that generation of receipts alone did not show a profit motive, especially where expenditure on wages was substantial and income did not exceed expenditure in some years. It also noted the trust's genuineness, existing registration and absence of any diversion of funds or private benefit. The rejection of approval under section 80G(5) was set aside and approval was directed to be granted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
