Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Denial of exemption u/ss 11 and 12 due to car purchase in trustee's name using funds meant for charitable purposes. Assessee's argument of registering car in managing trustee's name to save taxes rejected. CIT(A) upheld Assessing Officer's decision. Assessee failed to provide details supporting car's use for charitable activities. Claim of submitting vehicle log book dismissed as unsupported. ITAT affirmed denial of exemption.
Denial of exemption u/ss 11 and 12 due to car purchase in trustee's name using funds meant for charitable purposes. Assessee's argument of registering car in managing trustee's name to save taxes rejected. CIT(A) upheld Assessing Officer's decision. Assessee failed to provide details supporting car's use for charitable activities. Claim of submitting vehicle log book dismissed as unsupported. ITAT affirmed denial of exemption.
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