Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
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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