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...
ITAT allowed the assessee trust's appeal for statistical purposes, remanding the matter back to CIT(E) for reconsideration of 12AB registration. The tribunal found that operating a Dharmshala since 1962 should not automatically disqualify the trust from charitable status. The appellant was granted an opportunity to contest the original rejection of registration by presenting additional evidence and arguments regarding the nature of its activities, with the tribunal recognizing that running a Dharmshala does not inherently constitute commercial activity.
ITAT allowed the assessee trust's appeal for statistical purposes, remanding the matter back to CIT(E) for reconsideration of 12AB registration. The tribunal found that operating a Dharmshala since 1962 should not automatically disqualify the trust from charitable status. The appellant was granted an opportunity to contest the original rejection of registration by presenting additional evidence and arguments regarding the nature of its activities, with the tribunal recognizing that running a Dharmshala does not inherently constitute commercial activity.
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