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...
Appellate authorities may entertain a fresh deduction claim even if no revised return was filed, so long as the material needed to examine the claim is already on record; the restriction on fresh claims applies to the Assessing Officer, not to appellate jurisdiction. Here, the assessee had disclosed that commission expenditure was being deferred for claim on payment, and the Assessing Officer did not reject the claim for want of a revised return. After remand, the Assessing Officer was required to verify the quantum and nature of the commission services but failed to do so despite the details being furnished. The Tribunal also relied on acceptance of similar expenditure in other years, and the High Court held that no substantial question of law arose.
Appellate authorities may entertain a fresh deduction claim even if no revised return was filed, so long as the material needed to examine the claim is already on record; the restriction on fresh claims applies to the Assessing Officer, not to appellate jurisdiction. Here, the assessee had disclosed that commission expenditure was being deferred for claim on payment, and the Assessing Officer did not reject the claim for want of a revised return. After remand, the Assessing Officer was required to verify the quantum and nature of the commission services but failed to do so despite the details being furnished. The Tribunal also relied on acceptance of similar expenditure in other years, and the High Court held that no substantial question of law arose.
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