Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Proceeds of crime were considered regarding the refund amount from unsuccessful IPO applications due to malpractices and manipulations by certain entities. The SEBI determined unlawful gains by taking the difference between the sale and allotment amounts, while the FIR/ECIR recorded the entire amount as 'proceeds of crime' used for cheating the public. The SEBI order was within its provisions, distinct from the Act of 2002. There were no discrepancies or contradictions in the amount mentioned in the orders. The allegation of discrimination in treatment was unsubstantiated. The appeals failed as none of the arguments raised by the appellant had merit.
Proceeds of crime were considered regarding the refund amount from unsuccessful IPO applications due to malpractices and manipulations by certain entities. The SEBI determined unlawful gains by taking the difference between the sale and allotment amounts, while the FIR/ECIR recorded the entire amount as 'proceeds of crime' used for cheating the public. The SEBI order was within its provisions, distinct from the Act of 2002. There were no discrepancies or contradictions in the amount mentioned in the orders. The allegation of discrimination in treatment was unsubstantiated. The appeals failed as none of the arguments raised by the appellant had merit.
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