Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
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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