Market value for captive electricity consumption follows industrial consumer tariffs, supporting profit computation for the power generation deduction...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently...
The ITAT decided on the rejection of a Trust's application for approval u/s 80G(5) due to "religious" expenses. The CIT(E) did not seek specific details before rejecting the application. The ITAT directed a fresh assessment by the CIT(E) to determine if less than 5% of total income was spent on religious activities. If so, Trust may qualify for benefits u/s 80G(5) if other conditions are met. The appeal was allowed for statistical purposes.
The ITAT decided on the rejection of a Trust's application for approval u/s 80G(5) due to "religious" expenses. The CIT(E) did not seek specific details before rejecting the application. The ITAT directed a fresh assessment by the CIT(E) to determine if less than 5% of total income was spent on religious activities. If so, Trust may qualify for benefits u/s 80G(5) if other conditions are met. The appeal was allowed for statistical purposes.
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