Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Intermediary service classification fails where overseas admission facilitation is supplied independently, preserving export treatment and small-provi...
Satellite transponder bandwidth is telecommunication, not Business Support Service; foreign non-telegraph providers triggered no service tax liability...
Educational activities comprising banking-industry examinations, training programmes and related instruction qualify as charitable education where they equip banking personnel to perform their functions efficiently. Restricting benefits to a section of the public does not negate charitable character, and refusal of approval under a separate educational-institution regime does not determine exemption under charitable-trust provisions. Tax-free bond interest required no separate relief where exemption governed the institution's income computation. No depreciation disallowance arose because depreciation was not claimed. Accumulation of charitable income was permissible because the prescribed form identified definite purposes, including premises acquisition and renovation and development of educational, testing and data-centre facilities, rather than general objects.
Educational activities comprising banking-industry examinations, training programmes and related instruction qualify as charitable education where they equip banking personnel to perform their functions efficiently. Restricting benefits to a section of the public does not negate charitable character, and refusal of approval under a separate educational-institution regime does not determine exemption under charitable-trust provisions. Tax-free bond interest required no separate relief where exemption governed the institution's income computation. No depreciation disallowance arose because depreciation was not claimed. Accumulation of charitable income was permissible because the prescribed form identified definite purposes, including premises acquisition and renovation and development of educational, testing and data-centre facilities, rather than general objects.
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