Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
Exemption u/s 11 - assessee is a Charitable Trust registered u/s. 12A - The Tribunal found that the trust, despite being primarily focused on its members, was engaged in activities aimed at the advancement of the Fragrance and Flavor Industry, which could be considered beneficial to the public. - The Tribunal highlighted that the trust's activities, such as holding seminars, workshops, and conferences, were incidental to its main objective of promoting the Fragrance and Flavor Industry. It emphasized that the trust's surplus income was utilized for furthering its charitable objectives and not distributed among its members. - The Tribunal's decision affirms the charitable nature of the trust's activities and its eligibility for tax exemption under section 11 of the Act.
Exemption u/s 11 - assessee is a Charitable Trust registered u/s. 12A - The Tribunal found that the trust, despite being primarily focused on its members, was engaged in activities aimed at the advancement of the Fragrance and Flavor Industry, which could be considered beneficial to the public. - The Tribunal highlighted that the trust's activities, such as holding seminars, workshops, and conferences, were incidental to its main objective of promoting the Fragrance and Flavor Industry. It emphasized that the trust's surplus income was utilized for furthering its charitable objectives and not distributed among its members. - The Tribunal's decision affirms the charitable nature of the trust's activities and its eligibility for tax exemption under section 11 of the Act.
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