Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Page of 4789
Press 'Enter' after typing page number.
1321 to 1340 of 95770 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 4789
Join Channel
TaxTMI 
