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...
AT upheld the penalty imposed under FEMA Section 13(1) for export proceeds realization violation. The Adjudicating Authority's discretionary penalty assessment at one percent of the contravened amount was deemed judicious and proportionate. The tribunal found no compelling grounds to enhance the penalty, noting the authority's objective consideration of mitigating circumstances. Consequently, the appeal challenging the penalty quantum was dismissed, affirming the original adjudication order's reasonableness and adherence to statutory guidelines.
AT upheld the penalty imposed under FEMA Section 13(1) for export proceeds realization violation. The Adjudicating Authority's discretionary penalty assessment at one percent of the contravened amount was deemed judicious and proportionate. The tribunal found no compelling grounds to enhance the penalty, noting the authority's objective consideration of mitigating circumstances. Consequently, the appeal challenging the penalty quantum was dismissed, affirming the original adjudication order's reasonableness and adherence to statutory guidelines.
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