Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Levy of penalty u/s 54(1) (14) of the U.P. VAT Act - The court held that in the absence of a cogent finding of an intention to evade tax, the levy of penalty under Section 54(1)(14) of the U.P. VAT Act is unsustainable. The court noted that the department had previously accepted Form-38 screenshots without objection, indicating no intention on the part of the revisionist to evade tax. - HC
Levy of penalty u/s 54(1) (14) of the U.P. VAT Act - The court held that in the absence of a cogent finding of an intention to evade tax, the levy of penalty under Section 54(1)(14) of the U.P. VAT Act is unsustainable. The court noted that the department had previously accepted Form-38 screenshots without objection, indicating no intention on the part of the revisionist to evade tax. - HC
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