Opportunity to respond to jurisdictional reports is mandatory before customs settlement duty enhancement; connected applications require consistent ad...
Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
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Related-party advances by a charitable society did not warrant denial of exemption where the construction advance arose in ordinary construction activity and no evidence showed personal benefit to specified persons, overpricing, or non-arm's-length terms. Advances to registered charitable institutions were not shown to divert funds for private benefit. Section 40A(2)(a) could not apply because the disputed interest was paid to unrelated banks, making the related disallowance and notional-interest addition unsustainable. Donations to registered charitable entities undertaking charitable activities were permissible application of income, and scholarships were claimed as charitable application. The disallowances were deleted and exemption under sections 11 and 12 was extended.
Related-party advances by a charitable society did not warrant denial of exemption where the construction advance arose in ordinary construction activity and no evidence showed personal benefit to specified persons, overpricing, or non-arm's-length terms. Advances to registered charitable institutions were not shown to divert funds for private benefit. Section 40A(2)(a) could not apply because the disputed interest was paid to unrelated banks, making the related disallowance and notional-interest addition unsustainable. Donations to registered charitable entities undertaking charitable activities were permissible application of income, and scholarships were claimed as charitable application. The disallowances were deleted and exemption under sections 11 and 12 was extended.
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