Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
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ITAT denied charitable trust exemption under section 11 due to undisclosed capitation fee receipts. The tribunal conclusively determined that management seat fees collected in cash constituted capitation fees, which are inherently non-charitable. Consistent with precedential rulings, the court rejected the trust's claim for tax exemption, emphasizing that charging capitation fees is incompatible with charitable objectives. The revenue's appeals were allowed, effectively disallowing the trust's exemption claims and rendering the unaccounted cash receipts taxable. Student affidavits were deemed irrelevant, as no individual would voluntarily incriminate themselves regarding fee payment practices.
ITAT denied charitable trust exemption under section 11 due to undisclosed capitation fee receipts. The tribunal conclusively determined that management seat fees collected in cash constituted capitation fees, which are inherently non-charitable. Consistent with precedential rulings, the court rejected the trust's claim for tax exemption, emphasizing that charging capitation fees is incompatible with charitable objectives. The revenue's appeals were allowed, effectively disallowing the trust's exemption claims and rendering the unaccounted cash receipts taxable. Student affidavits were deemed irrelevant, as no individual would voluntarily incriminate themselves regarding fee payment practices.
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