Anonymous donation classification fails where charitable trusts maintain undisputed donor identity records and evidence corpus contributions' intended...
Transfer pricing method selection favours TNMM where medical-equipment distribution involves substantial post-import value addition and operational ri...
Post-export shipping bill conversion remains available where contemporaneous evidence supports EPCG benefits despite curable procedural omissions and ...
State co-operative law governs the meaning of "member" for section 80P relief, so a credit society cannot be denied deduction merely because it deals with nominal or associate members who lack voting rights or equal participation rights; such dealings are not automatically dealings with the public, and blanket or proportionate denial was rejected. The Tribunal also held that where disallowance of interest provision increases the eligible business profit, the enhanced figure remains business income from providing credit facilities to members, so deduction under section 80P(2)(a)(i) must be recomputed on that higher amount, subject to the other conditions of the provision.
State co-operative law governs the meaning of "member" for section 80P relief, so a credit society cannot be denied deduction merely because it deals with nominal or associate members who lack voting rights or equal participation rights; such dealings are not automatically dealings with the public, and blanket or proportionate denial was rejected. The Tribunal also held that where disallowance of interest provision increases the eligible business profit, the enhanced figure remains business income from providing credit facilities to members, so deduction under section 80P(2)(a)(i) must be recomputed on that higher amount, subject to the other conditions of the provision.
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