Credit-note turnover adjustments preserve inverted-duty refunds, while ministerial re-computation does not constitute an impermissible appellate reman...
Revisional jurisdiction over export quota premium deductions requires both error and Revenue prejudice; a permissible assessment view cannot be displa...
Charitable entities whose exemption under sections 11 and 12 is not claimed may deduct expenditure incurred to advance their charitable objects when income is assessed under "Income from Other Sources". Section 57(iii) applies to the computation of such income, including donations made in furtherance of those objects. Applying the coordinate-bench approach where no material factual or legal distinction existed, ITAT deleted the disallowance of the donations and allowed the deduction. The alternative deduction claim under section 80G required no separate adjudication.
Charitable entities whose exemption under sections 11 and 12 is not claimed may deduct expenditure incurred to advance their charitable objects when income is assessed under "Income from Other Sources". Section 57(iii) applies to the computation of such income, including donations made in furtherance of those objects. Applying the coordinate-bench approach where no material factual or legal distinction existed, ITAT deleted the disallowance of the donations and allowed the deduction. The alternative deduction claim under section 80G required no separate adjudication.
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