Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
The ITAT Delhi assessed a charitable trust's expenses, including payments to a sister entity for business support services and commission to consultants. The AO disallowed expenses under section 13(3) of the Income Tax Act, alleging violation of conditions under section 13(2)(g). However, the trust demonstrated that the expenses were justified and commensurate with market value. Disallowance of faculty salary due to lack of qualifications was unfounded as the trust employed qualified individuals. Payment of commission and expenses on computers to students were deemed reasonable based on evidence provided. The tribunal found the AO's orders unsustainable and not legally sound.
The ITAT Delhi assessed a charitable trust's expenses, including payments to a sister entity for business support services and commission to consultants. The AO disallowed expenses under section 13(3) of the Income Tax Act, alleging violation of conditions under section 13(2)(g). However, the trust demonstrated that the expenses were justified and commensurate with market value. Disallowance of faculty salary due to lack of qualifications was unfounded as the trust employed qualified individuals. Payment of commission and expenses on computers to students were deemed reasonable based on evidence provided. The tribunal found the AO's orders unsustainable and not legally sound.
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