Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
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ITAT ruled on income computation under Section 11(1) for a charitable trust manufacturing artificial limbs. Revenue generated from manufacturing activities qualifies as eligible income for accumulation purposes, considering the trust's primary objective of serving disabled persons with affordable prosthetics. The Tribunal directed 15% accumulation under Section 11(1)(a) to be calculated on gross receipts. However, loans received under ADIP and ADIP-SSA schemes were excluded from income computation under Section 11(1), though they can be considered as application of income during utilization year. The trust exceeded the 85% income utilization requirement during the assessment year. Ground nos. 2 and 3 were allowed, while ground no. 4 was dismissed.
ITAT ruled on income computation under Section 11(1) for a charitable trust manufacturing artificial limbs. Revenue generated from manufacturing activities qualifies as eligible income for accumulation purposes, considering the trust's primary objective of serving disabled persons with affordable prosthetics. The Tribunal directed 15% accumulation under Section 11(1)(a) to be calculated on gross receipts. However, loans received under ADIP and ADIP-SSA schemes were excluded from income computation under Section 11(1), though they can be considered as application of income during utilization year. The trust exceeded the 85% income utilization requirement during the assessment year. Ground nos. 2 and 3 were allowed, while ground no. 4 was dismissed.
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