Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The ITAT Indore considered an appeal regarding exemption u/s 11 and registration u/s 12AB for a charitable organization. The CIT(E) rejected the application based on the belief that the organization's commercial receipts exceeded 20% of total receipts. However, the ITAT found that the organization was not engaged in trade or business but provided services for charitable purposes, charging nominal fees to cover costs. Citing precedent, the ITAT concluded that such activities did not constitute commercial activities. The ITAT set aside the CIT(E)'s decision and directed the grant of registration u/s 12AB, allowing the organization's appeal.
The ITAT Indore considered an appeal regarding exemption u/s 11 and registration u/s 12AB for a charitable organization. The CIT(E) rejected the application based on the belief that the organization's commercial receipts exceeded 20% of total receipts. However, the ITAT found that the organization was not engaged in trade or business but provided services for charitable purposes, charging nominal fees to cover costs. Citing precedent, the ITAT concluded that such activities did not constitute commercial activities. The ITAT set aside the CIT(E)'s decision and directed the grant of registration u/s 12AB, allowing the organization's appeal.
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