Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Exemption u/s 11 - registration u/s 12AB and approval u/s 80G(5) denied - The apprehension of revenue that the loans would be given to a related or favourable party is a heighted apprehension. - If the trust makes any such loan in future, the law provides for forfeiture of exemption u/s 13 which in case of necessity, can be invoked by authorities. - CIT(E) directed to consider the application of assessee - AT
Exemption u/s 11 - registration u/s 12AB and approval u/s 80G(5) denied - The apprehension of revenue that the loans would be given to a related or favourable party is a heighted apprehension. - If the trust makes any such loan in future, the law provides for forfeiture of exemption u/s 13 which in case of necessity, can be invoked by authorities. - CIT(E) directed to consider the application of assessee - AT
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