SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Section 12AB registration concerns an institution's charitable objects and the genuineness of activities undertaken for those objects, rather than year-specific exemption issues, disputed expenditure, or regulatory violations. Retrospective cancellation requires material showing sham activities, abandonment of charitable objects, or pursuit of non-charitable purposes. Overseas training expenses for doctors serving in India may remain application towards medical relief in India where no charitable activity is conducted abroad. Disputed compliance with the Indigent Patients Fund Scheme falls primarily within its statutory regulatory mechanism. Hospitals may charge paying patients and retain operational surplus for healthcare infrastructure, research, education, and free or concessional treatment without losing charitable status. Cancellation of registration and consequential approval rejection were set aside.
Section 12AB registration concerns an institution's charitable objects and the genuineness of activities undertaken for those objects, rather than year-specific exemption issues, disputed expenditure, or regulatory violations. Retrospective cancellation requires material showing sham activities, abandonment of charitable objects, or pursuit of non-charitable purposes. Overseas training expenses for doctors serving in India may remain application towards medical relief in India where no charitable activity is conducted abroad. Disputed compliance with the Indigent Patients Fund Scheme falls primarily within its statutory regulatory mechanism. Hospitals may charge paying patients and retain operational surplus for healthcare infrastructure, research, education, and free or concessional treatment without losing charitable status. Cancellation of registration and consequential approval rejection were set aside.
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