Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Revision u/s 263 - Claim of deduction u/s 57(iii) - Since this stand taken by the assessee with respect to claiming 10% deduction against income from other sources have been accepted by the Department in the past years, the order passed by the AO cannot be held to be erroneous and prejudicial to the interest of the Revenue u/s 263 - AT
Revision u/s 263 - Claim of deduction u/s 57(iii) - Since this stand taken by the assessee with respect to claiming 10% deduction against income from other sources have been accepted by the Department in the past years, the order passed by the AO cannot be held to be erroneous and prejudicial to the interest of the Revenue u/s 263 - AT
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