Working-capital adjustment determines whether software-services transfer-pricing margins fall within the statutory tolerance range, eliminating any ad...
Permanent establishment deductions upheld for expatriate salaries, direct costs and trading losses, while head-office costs require fresh classificati...
Data transmission equipment classification under CTSH 8517 62 remains distinct from residual classification, with exemption evidence requiring scrutin...
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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