Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
Charitable registration under section 12AB requires examination of whether an institution's objects are charitable, its activities are genuine, and its income is applied to those objects. For hospitals providing medical relief, premium facilities, substantial receipts, advanced infrastructure, organised administration, and higher treatment costs are not, by themselves, statutory indicators of commerciality. Alleged non-compliance with other laws is relevant only where established by the competent authority and material to achieving the charitable objects. The discussion also distinguishes renewal proceedings from retrospective cancellation, noting that cancellation from the original grant date requires a foundational defect such as fraud, suppression, misrepresentation, or abandonment of charitable purposes. Consequential section 80G approval is addressed as dependent on the validity of section 12AB registration.
Charitable registration under section 12AB requires examination of whether an institution's objects are charitable, its activities are genuine, and its income is applied to those objects. For hospitals providing medical relief, premium facilities, substantial receipts, advanced infrastructure, organised administration, and higher treatment costs are not, by themselves, statutory indicators of commerciality. Alleged non-compliance with other laws is relevant only where established by the competent authority and material to achieving the charitable objects. The discussion also distinguishes renewal proceedings from retrospective cancellation, noting that cancellation from the original grant date requires a foundational defect such as fraud, suppression, misrepresentation, or abandonment of charitable purposes. Consequential section 80G approval is addressed as dependent on the validity of section 12AB registration.
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