Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
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...
In the case before ITAT Mumbai, the issue revolved around the deduction u/s 80G for a charitable trust. The assessee, now assessable as an AOP, had donated an amount exceeding 10% of its gross total income to an approved educational institution. The CIT(A) held that Section 80G(4) does not restrict donations to 10% of total income, allowing 50% deduction. The matter was remanded to verify deductions for entities u/s 80G(3)(a)(iiif). The Tribunal upheld this decision, dismissing the appeal. Additionally, the claim for deduction u/s 80GGA, though not separately mentioned in the return, was considered valid as it was included under Chapter VIA. Lastly, disallowance of carry forward of excess expenditure was deemed irrelevant as the assessee did not claim benefits u/s 11 and 12.
In the case before ITAT Mumbai, the issue revolved around the deduction u/s 80G for a charitable trust. The assessee, now assessable as an AOP, had donated an amount exceeding 10% of its gross total income to an approved educational institution. The CIT(A) held that Section 80G(4) does not restrict donations to 10% of total income, allowing 50% deduction. The matter was remanded to verify deductions for entities u/s 80G(3)(a)(iiif). The Tribunal upheld this decision, dismissing the appeal. Additionally, the claim for deduction u/s 80GGA, though not separately mentioned in the return, was considered valid as it was included under Chapter VIA. Lastly, disallowance of carry forward of excess expenditure was deemed irrelevant as the assessee did not claim benefits u/s 11 and 12.
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