Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Page of 4811
Press 'Enter' after typing page number.
661 to 680 of 96208 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
State-law registration required for educational approval under...
Educational approval requires mandatory State registration, but incidental surplus and trustee-owned land do not prove private benefit or profit motive.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
State-law registration required for educational approval under section 10(23C)(vi) was satisfied once registration with the competent Devsthan authority had been obtained, so absence of registration could not support rejection. Compliance with mandatory State or local registration requirements remains necessary. Trustee ownership of land used for educational infrastructure, without evidence of siphoning, private appropriation, diversion of funds or pecuniary advantage, does not establish private benefit. Incidental surplus from educational activities also does not demonstrate a profit motive where retained and applied to educational infrastructure and facilities. Approval was directed because the institution operated solely for education and not for profit.
State-law registration required for educational approval under section 10(23C)(vi) was satisfied once registration with the competent Devsthan authority had been obtained, so absence of registration could not support rejection. Compliance with mandatory State or local registration requirements remains necessary. Trustee ownership of land used for educational infrastructure, without evidence of siphoning, private appropriation, diversion of funds or pecuniary advantage, does not establish private benefit. Incidental surplus from educational activities also does not demonstrate a profit motive where retained and applied to educational infrastructure and facilities. Approval was directed because the institution operated solely for education and not for profit.
Note: It is a system-generated summary and is for quick reference only.