Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
ITAT allowed the trust's appeal, rejecting CIT(E)'s cancellation of registration u/s 12A and 12AB. The tribunal found no justification for cancellation, noting the trust was established in 1930, previously granted registration in 1975, and consistently assessed under section 143(3). The tribunal emphasized rule of consistency, highlighting that no material changes in trust's activities were demonstrated. Key grounds for rejecting cancellation included: trust's longstanding tax compliance, permissible charitable donations to other trusts, legitimate rental income, and absence of specific year-wise violations. The decision upholds the trust's registration, rejecting revenue's arguments about community-specific establishment and alleged procedural non-compliance.
ITAT allowed the trust's appeal, rejecting CIT(E)'s cancellation of registration u/s 12A and 12AB. The tribunal found no justification for cancellation, noting the trust was established in 1930, previously granted registration in 1975, and consistently assessed under section 143(3). The tribunal emphasized rule of consistency, highlighting that no material changes in trust's activities were demonstrated. Key grounds for rejecting cancellation included: trust's longstanding tax compliance, permissible charitable donations to other trusts, legitimate rental income, and absence of specific year-wise violations. The decision upholds the trust's registration, rejecting revenue's arguments about community-specific establishment and alleged procedural non-compliance.
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