Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
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...
The case involves the rejection of an application for registration u/s 80G by the CIT(E) due to a time limit issue. The ITAT held that provisional registration is meant for newly formed trusts/institutions not yet active, distinguishing them from those already engaged in charitable activities. Trusts in the latter category, though not mandated to apply for registration u/s 80G, can do so under the new procedure. Those with provisional registration must apply for regular registration u/s 80G. The ITAT interpreted the time limit provision to apply to trusts not active at the time of provisional registration. The matter was remanded to the CIT(E) for reconsideration in line with the decision, ensuring a fair hearing. The appeal was allowed for statistical purposes.
The case involves the rejection of an application for registration u/s 80G by the CIT(E) due to a time limit issue. The ITAT held that provisional registration is meant for newly formed trusts/institutions not yet active, distinguishing them from those already engaged in charitable activities. Trusts in the latter category, though not mandated to apply for registration u/s 80G, can do so under the new procedure. Those with provisional registration must apply for regular registration u/s 80G. The ITAT interpreted the time limit provision to apply to trusts not active at the time of provisional registration. The matter was remanded to the CIT(E) for reconsideration in line with the decision, ensuring a fair hearing. The appeal was allowed for statistical purposes.
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