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...
An educational trust assessed as an Association of Persons may claim carry-forward and set-off of earlier years' excess expenditure over income, including depreciation, notwithstanding that it is not registered under section 12A or section 10(23C). The notes state that the claim must be examined under section 72, and absence of charitable registration alone does not justify denial. Set-off remains subject to fulfilment of the statutory conditions governing carry-forward and adjustment of losses.
An educational trust assessed as an Association of Persons may claim carry-forward and set-off of earlier years' excess expenditure over income, including depreciation, notwithstanding that it is not registered under section 12A or section 10(23C). The notes state that the claim must be examined under section 72, and absence of charitable registration alone does not justify denial. Set-off remains subject to fulfilment of the statutory conditions governing carry-forward and adjustment of losses.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
