Cooperative society deposits, member-interest TDS exemption and credit-facility deduction claims require verification through records and supporting e...
Customs jurisdiction over EPCG condition breaches survives export-obligation discharge certificates, requiring alleged fraud and misdeclaration to be ...
Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Refund of part of CSR funds by a charitable trust to its donor is examined under the prohibition on applying income or property for the benefit of specified persons. The material states that charitable exemption was not denied because there was no evidence that the donor obtained a benefit from the refund, and the amount was immediately passed to another charitable organisation conducting rural education programmes. It presents the principle that a refund, without donor benefit and followed by charitable application through another organisation, need not constitute prohibited benefit to a specified person.
Refund of part of CSR funds by a charitable trust to its donor is examined under the prohibition on applying income or property for the benefit of specified persons. The material states that charitable exemption was not denied because there was no evidence that the donor obtained a benefit from the refund, and the amount was immediately passed to another charitable organisation conducting rural education programmes. It presents the principle that a refund, without donor benefit and followed by charitable application through another organisation, need not constitute prohibited benefit to a specified person.
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