Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Page of 4784
Press 'Enter' after typing page number.
861 to 880 of 95673 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Medical relief remains a distinct charitable purpose under section 12AB, and a hospital does not lose that character merely because it operates modern infrastructure, charges differential tariffs, serves paying patients or earns surplus, absent evidence of private enrichment, diversion of income, abandonment of objects, or use of funds for non-charitable purposes. For refusal or cancellation based on compliance with other laws, there must be an established breach determined by the competent authority; the income-tax authority cannot itself adjudicate alleged violations of the Maharashtra Public Trusts Act or the IPF Scheme. On that basis, retrospective cancellation and the consequential refusal of related approval were unsustainable.
Medical relief remains a distinct charitable purpose under section 12AB, and a hospital does not lose that character merely because it operates modern infrastructure, charges differential tariffs, serves paying patients or earns surplus, absent evidence of private enrichment, diversion of income, abandonment of objects, or use of funds for non-charitable purposes. For refusal or cancellation based on compliance with other laws, there must be an established breach determined by the competent authority; the income-tax authority cannot itself adjudicate alleged violations of the Maharashtra Public Trusts Act or the IPF Scheme. On that basis, retrospective cancellation and the consequential refusal of related approval were unsustainable.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4784
Join Channel
TaxTMI 
