Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
