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 society registered under the Societies Registration Act, 1860 was held not liable to tax at the maximum marginal rate merely because it was treated as an association of persons with indeterminate shares. The Tribunal found that the statutory exception for a registered society had been overlooked, so the income had to be recomputed at the rates applicable to an individual. The TDS credit claim was not decided on merits and was remitted to the Assessing Officer for verification, with credit to be allowed if the claim and corresponding income were correctly reflected in the return.
A society registered under the Societies Registration Act, 1860 was held not liable to tax at the maximum marginal rate merely because it was treated as an association of persons with indeterminate shares. The Tribunal found that the statutory exception for a registered society had been overlooked, so the income had to be recomputed at the rates applicable to an individual. The TDS credit claim was not decided on merits and was remitted to the Assessing Officer for verification, with credit to be allowed if the claim and corresponding income were correctly reflected in the return.
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