Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
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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