Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Reassessment disclosure requirements permit stated reasons without revealing information sources, but prior-taxation claims require full examination b...
Independent assessment discretion and corroborated electronic evidence determine validity of on-money additions and undisclosed-consideration assessme...
Corpus donations received by the trust for running Kalyana Mandapam were voluntary in nature and could not be treated as rental receipts. Although the activity generated surplus, the surplus was utilized for furthering other charitable purposes mentioned in the trust deed. The trust confined its activities within the boundaries set by the trust deed and did not drift from its objects. Therefore, the trust's claim for exemption u/s 11 could not be denied merely because the Kalyana Mandapam activity resulted in surplus funds. The Appellate Tribunal directed the Assessing Officer to grant exemption u/s 11 and recompute the income for all years.
Corpus donations received by the trust for running Kalyana Mandapam were voluntary in nature and could not be treated as rental receipts. Although the activity generated surplus, the surplus was utilized for furthering other charitable purposes mentioned in the trust deed. The trust confined its activities within the boundaries set by the trust deed and did not drift from its objects. Therefore, the trust's claim for exemption u/s 11 could not be denied merely because the Kalyana Mandapam activity resulted in surplus funds. The Appellate Tribunal directed the Assessing Officer to grant exemption u/s 11 and recompute the income for all years.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
