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...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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Delay in filing the first appeal was condonable because the assessees gave an elaborate explanation and acted on professional advice; substantial justice was preferred over a technical objection, so dismissal solely for delay was unsustainable. The note further states that compensation received by BSNL employees under the Voluntary Retirement Scheme, 2019 is retrenchment compensation eligible for exemption as a capital receipt under section 10(10B), and the claim could not be denied merely because it was not made in the return. The contrary appellate findings were set aside and revised computations, verification, and consequential refund were directed.
Delay in filing the first appeal was condonable because the assessees gave an elaborate explanation and acted on professional advice; substantial justice was preferred over a technical objection, so dismissal solely for delay was unsustainable. The note further states that compensation received by BSNL employees under the Voluntary Retirement Scheme, 2019 is retrenchment compensation eligible for exemption as a capital receipt under section 10(10B), and the claim could not be denied merely because it was not made in the return. The contrary appellate findings were set aside and revised computations, verification, and consequential refund were directed.
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