Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
Membership-consent thresholds for oppression petitions are satisfied by unchallenged voter-list consents, while unsupported forgery claims require pro...
Section 13(1)(b)'s restriction on trusts benefiting a particular religious community applies when exemption under section 11 is considered, rather than at the section 12A registration stage. A trust whose objects are largely charitable and directed to the public at large is not disqualified merely because its objects include services to pilgrims and religious places. Where the trust is not established wholly for a particular religious community, its application for approval under section 80G(5) requires fresh consideration after verification and an opportunity of hearing. No substantial question of law arose from the Tribunal's direction for such reconsideration.
Section 13(1)(b)'s restriction on trusts benefiting a particular religious community applies when exemption under section 11 is considered, rather than at the section 12A registration stage. A trust whose objects are largely charitable and directed to the public at large is not disqualified merely because its objects include services to pilgrims and religious places. Where the trust is not established wholly for a particular religious community, its application for approval under section 80G(5) requires fresh consideration after verification and an opportunity of hearing. No substantial question of law arose from the Tribunal's direction for such reconsideration.
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TaxTMI 
TaxTMI 
of 4891 
