Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
