Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
AO disallowed professional fees paid to doctors citing lack of evidence regarding their role as consultants, researchers or advisors. CIT(A) deleted disallowance noting assessee provided logbook, agreements, summary sheets, brochures, manuals and research papers. Tribunal upheld CIT(A)'s order. Regarding disallowance u/s 14A for investments, assessee had sufficient funds as evident from bank statement showing share capital proceeds and mutual fund investments. Tribunal upheld CIT(A)'s deletion of disallowance. For administrative expenses disallowed u/s 14A read with Rule 8D, Tribunal opined AO and CIT(A) failed to record dissatisfaction before applying Rule 8D's third component relating to administrative expenses.
AO disallowed professional fees paid to doctors citing lack of evidence regarding their role as consultants, researchers or advisors. CIT(A) deleted disallowance noting assessee provided logbook, agreements, summary sheets, brochures, manuals and research papers. Tribunal upheld CIT(A)'s order. Regarding disallowance u/s 14A for investments, assessee had sufficient funds as evident from bank statement showing share capital proceeds and mutual fund investments. Tribunal upheld CIT(A)'s deletion of disallowance. For administrative expenses disallowed u/s 14A read with Rule 8D, Tribunal opined AO and CIT(A) failed to record dissatisfaction before applying Rule 8D's third component relating to administrative expenses.
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