Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
Power of CIT to cancel or withdraw registration invoking Section 12AA(3) - The High Court dismissed the appeals filed by the Revenue and upheld the ITAT's orders restoring the registrations of the educational trusts. The court held that the Commissioner did not have the authority to cancel registrations granted u/s 12A before the amendment in 2010. The court emphasized that generating a surplus in educational activities does not imply a profit motive if the surplus is used for charitable purposes.
Power of CIT to cancel or withdraw registration invoking Section 12AA(3) - The High Court dismissed the appeals filed by the Revenue and upheld the ITAT's orders restoring the registrations of the educational trusts. The court held that the Commissioner did not have the authority to cancel registrations granted u/s 12A before the amendment in 2010. The court emphasized that generating a surplus in educational activities does not imply a profit motive if the surplus is used for charitable purposes.
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