Development agreements require legal possession or effective enjoyment for capital gains transfer; permissive possession and deferred consideration de...
Prolonged sterilisation of development rights supports capital-gains treatment, while business-income disallowances cannot govern capital-gains comput...
Additional evidence in transfer pricing dispute leads to fresh examination, while tax deductions, TDS credit, fee and refund interest require verifica...
Category II AIF pass-through taxation preserves non-business income character; investment receipts cannot be reclassified without applying recognised ...
Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
An institution conducting hospital, medical college, education and research activities for persons irrespective of religion, caste or creed should not be treated as purely religious merely because its governing documents contain an isolated reference to churchyards or burial grounds. The described Tribunal decision found no factual evidence of religious activities and held that selective reliance on one object clause, without examining financial statements or actual activities, was insufficient. It directed that the section 12AB registration be classified as religious-cum-charitable and that approval under section 80G(5) be granted, noting that the institution's medical and educational facilities were open to all sections of society and that there was no change in relevant facts.
An institution conducting hospital, medical college, education and research activities for persons irrespective of religion, caste or creed should not be treated as purely religious merely because its governing documents contain an isolated reference to churchyards or burial grounds. The described Tribunal decision found no factual evidence of religious activities and held that selective reliance on one object clause, without examining financial statements or actual activities, was insufficient. It directed that the section 12AB registration be classified as religious-cum-charitable and that approval under section 80G(5) be granted, noting that the institution's medical and educational facilities were open to all sections of society and that there was no change in relevant facts.
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