Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Levy of penalty u/s 271(1)(c) - the purchases made by the assessee to some extent are non-genuine, and therefore profit element involved in such purchases deserves to be assessed as income of the assessee - No Penalty.
Levy of penalty u/s 271(1)(c) - the purchases made by the assessee to some extent are non-genuine, and therefore profit element involved in such purchases deserves to be assessed as income of the assessee - No Penalty.
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