Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Eligibility for exemption depends on strict construction of the product description; reapers without binder are ineligible, but confiscation and penal...
Customs jurisdiction defined for Principal Commissioner, Vishakhapatnam, covering specified ports, districts and India's adjacent EEZ; effective on pu...
Incidental micro-credit and financial facilitation by a charitable trust did not, by itself, negate charitable status for approval where the trust deed authorised self-help groups, micro-credit programmes and developmental initiatives. The Tribunal found no evidence of commerciality, profit-oriented conduct, surplus distribution or systematic business operations, and noted that the accounts showed no abnormal surplus while the reports reflected relief to the poor. It also relied on existing charitable registration as recognition of the trust's character. On that basis, the proviso to section 2(15) was held inapplicable and the rejection of approval was set aside.
Incidental micro-credit and financial facilitation by a charitable trust did not, by itself, negate charitable status for approval where the trust deed authorised self-help groups, micro-credit programmes and developmental initiatives. The Tribunal found no evidence of commerciality, profit-oriented conduct, surplus distribution or systematic business operations, and noted that the accounts showed no abnormal surplus while the reports reflected relief to the poor. It also relied on existing charitable registration as recognition of the trust's character. On that basis, the proviso to section 2(15) was held inapplicable and the rejection of approval was set aside.
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