Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Exemption u/s 11 - Charitable activity u/s 2(15) - Commercial activity - Citing past decisions favorable to the trust under similar assessments, the Tribunal reiterated that activities generating income do not automatically disqualify an entity from being charitable if the primary purpose is charitable and the commercial activities are incidental. It was highlighted that the trust's income was indeed applied towards its stated charitable purposes, fulfilling the criteria for exemption under Section 11.
Exemption u/s 11 - Charitable activity u/s 2(15) - Commercial activity - Citing past decisions favorable to the trust under similar assessments, the Tribunal reiterated that activities generating income do not automatically disqualify an entity from being charitable if the primary purpose is charitable and the commercial activities are incidental. It was highlighted that the trust's income was indeed applied towards its stated charitable purposes, fulfilling the criteria for exemption under Section 11.
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