Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
ITAT resolved a dispute regarding donation deduction under section 80G. The tribunal determined that the assessee's donation was in cash, not in kind, based on evidence of direct equipment order, installation at donee premises, and financial support. The assessee's role was purely financial, without direct involvement in purchase or installation. Following precedent from a coordinate bench and rejecting revenue's contention, the tribunal allowed the assessee's appeal, finding the donation eligible for deduction. Consequently, the penalty levy became academic and was disposed of, effectively vindicating the assessee's claim for tax deduction.
ITAT resolved a dispute regarding donation deduction under section 80G. The tribunal determined that the assessee's donation was in cash, not in kind, based on evidence of direct equipment order, installation at donee premises, and financial support. The assessee's role was purely financial, without direct involvement in purchase or installation. Following precedent from a coordinate bench and rejecting revenue's contention, the tribunal allowed the assessee's appeal, finding the donation eligible for deduction. Consequently, the penalty levy became academic and was disposed of, effectively vindicating the assessee's claim for tax deduction.
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