Revenue authority mandates using scheme-specific reversal procedures, not revising original entries, for instrument-based trade/customs benefits effec...
Transaction value under s.15(1) governs unrelated sales; valuation between related parties per Rule 28; consignment note required for unregistered rec...
Deduction u/s 11 - donation to other charitable institution - AO...
Charitable Institutions Can Donate to Others u/s 11 Without AO Interference, Ensuring Genuine Transactions.
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Income TaxJuly 3, 2019Case LawsAT
Deduction u/s 11 - donation to other charitable institution - AO could not enquire into the selection of the donee or the purpose of the donation unless the genuineness is doubted - donation by one charitable institution to another such institution is permissible in law and would be treated as application of income
Deduction u/s 11 - donation to other charitable institution - AO could not enquire into the selection of the donee or the purpose of the donation unless the genuineness is doubted - donation by one charitable institution to another such institution is permissible in law and would be treated as application of income
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