Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Exemption u/s 10(23C)(vi) - there has been no exercise done by the Department either at first instance or at least on review petition to find out as to whether the Trust has generated a reasonable surplus to enable them to sustain the institution and in the event of a higher surplus, whether they had ploughed back or utilising the same for achieving the objects of the trust - rejection invalid - remanded to CCIT
Exemption u/s 10(23C)(vi) - there has been no exercise done by the Department either at first instance or at least on review petition to find out as to whether the Trust has generated a reasonable surplus to enable them to sustain the institution and in the event of a higher surplus, whether they had ploughed back or utilising the same for achieving the objects of the trust - rejection invalid - remanded to CCIT
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