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...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
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The SC upheld that the Public Procurement Policy for MSEs Order 2012 has legal force through Section 11 of the MSMED Act 2006. While individual MSEs have no mandatory procurement right, government bodies have a statutory obligation to implement the 25% procurement mandate from MSEs. The Court directed the Review Committee to examine whether this 25% procurement would be independent of the 358 reserved items and take necessary compliance actions within 60 days. Additionally, the Court ruled that minimum turnover clauses in tenders cannot override the Procurement Policy and directed the Grievance Cell to establish appropriate limits for such clauses for MSEs within 60 days. Judicial review will primarily ensure proper functioning of statutory authorities.
The SC upheld that the Public Procurement Policy for MSEs Order 2012 has legal force through Section 11 of the MSMED Act 2006. While individual MSEs have no mandatory procurement right, government bodies have a statutory obligation to implement the 25% procurement mandate from MSEs. The Court directed the Review Committee to examine whether this 25% procurement would be independent of the 358 reserved items and take necessary compliance actions within 60 days. Additionally, the Court ruled that minimum turnover clauses in tenders cannot override the Procurement Policy and directed the Grievance Cell to establish appropriate limits for such clauses for MSEs within 60 days. Judicial review will primarily ensure proper functioning of statutory authorities.
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