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...
Final registration granted on the assessee's original charitable-trust application was treated as relating back to the relevant assessment period, so exemption could not be denied merely because the final order was passed after assessment while provisional registration was already in force. The tribunal noted that the later final registration covered the year in question and upheld exemption for the assessment year. It further held that expenditure on school infrastructure, including repair and construction of classrooms and basic amenities, was allowable as application of income even if capital in nature, and the addition was deleted because the expenditure was genuine and actually incurred.
Final registration granted on the assessee's original charitable-trust application was treated as relating back to the relevant assessment period, so exemption could not be denied merely because the final order was passed after assessment while provisional registration was already in force. The tribunal noted that the later final registration covered the year in question and upheld exemption for the assessment year. It further held that expenditure on school infrastructure, including repair and construction of classrooms and basic amenities, was allowable as application of income even if capital in nature, and the addition was deleted because the expenditure was genuine and actually incurred.
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