MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Preventive suspension requires an immediate continuing threat and cannot become indefinite without inquiry, fresh evidence, or proportionate safeguard...
A statutory authority does not lose charitable character under the general public utility limb merely because, while pursuing its statutory objects, it earns receipts or undertakes activities with commercial attributes such as sale of plots. Applying the Supreme Court ruling in the assessee's own case, the court treated the issue as concluded on merits and held that cancellation of registration was not justified. The registration was therefore held to continue, and the challenge to cancellation under Section 12AA failed.
A statutory authority does not lose charitable character under the general public utility limb merely because, while pursuing its statutory objects, it earns receipts or undertakes activities with commercial attributes such as sale of plots. Applying the Supreme Court ruling in the assessee's own case, the court treated the issue as concluded on merits and held that cancellation of registration was not justified. The registration was therefore held to continue, and the challenge to cancellation under Section 12AA failed.
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