Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
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.
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