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...
Medical relief is a distinct charitable purpose, so the commerciality test in the proviso to section 2(15) cannot be mechanically applied to a hospital whose object is medical relief; surplus and organised operations do not by themselves make its activities non-charitable, and the rejection of renewal on that basis was unsustainable. Alleged breach of the Maharashtra Public Trusts Act and the IPF Scheme could not be independently adjudicated in renewal proceedings without an adverse determination by the competent authority; low bed occupancy or incomplete data did not establish violation. Renewal proceedings also could not be converted into retrospective cancellation from the original grant absent findings of fraud, misrepresentation, concealment, suppression, or void inception, so the cancellation was set aside.
Medical relief is a distinct charitable purpose, so the commerciality test in the proviso to section 2(15) cannot be mechanically applied to a hospital whose object is medical relief; surplus and organised operations do not by themselves make its activities non-charitable, and the rejection of renewal on that basis was unsustainable. Alleged breach of the Maharashtra Public Trusts Act and the IPF Scheme could not be independently adjudicated in renewal proceedings without an adverse determination by the competent authority; low bed occupancy or incomplete data did not establish violation. Renewal proceedings also could not be converted into retrospective cancellation from the original grant absent findings of fraud, misrepresentation, concealment, suppression, or void inception, so the cancellation was set aside.
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