Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Exemption u/s 11 - corpus donations - charitable purpose - society is exclusively working for the benefit of members - the assessee falls under the last limb of the definition ‘charitable purpose’ i.e. any other object of GPU. Therefore, the income of the assessee needs to be computed in light of amended provisions of Sec. 2(15) - AO directed to re-adjudicate the issue afresh - AT
Exemption u/s 11 - corpus donations - charitable purpose - society is exclusively working for the benefit of members - the assessee falls under the last limb of the definition ‘charitable purpose’ i.e. any other object of GPU. Therefore, the income of the assessee needs to be computed in light of amended provisions of Sec. 2(15) - AO directed to re-adjudicate the issue afresh - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
