Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
The Appellate Tribunal reviewed the rejection of registration u/s 12AB due to alleged violation of section 13(1)(b) as trust's objects were not solely for "SUNNI MUSLIMS." Tribunal found the trust to be religious cum charitable, with objects not limited to a specific religious community. The CIT(E) denied registration based on this restriction, invoking section 13(1)(b) and disallowing exemption u/s 11. Tribunal directed CIT(E) to reassess the registration application and grant it in accordance with the law. The appeal by the trust was allowed for statistical purposes.
The Appellate Tribunal reviewed the rejection of registration u/s 12AB due to alleged violation of section 13(1)(b) as trust's objects were not solely for "SUNNI MUSLIMS." Tribunal found the trust to be religious cum charitable, with objects not limited to a specific religious community. The CIT(E) denied registration based on this restriction, invoking section 13(1)(b) and disallowing exemption u/s 11. Tribunal directed CIT(E) to reassess the registration application and grant it in accordance with the law. The appeal by the trust was allowed for statistical purposes.
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