Business expenditure deduction requires proof of genuine commission payments and commercial allowability; turnover growth alone cannot validate the cl...
Article 8 treaty coverage excluded third-party airline support services, while documented demonetisation cash receipts remained accepted business inco...
Functional comparability under TNMM requires highway contract benchmarks to reflect operation, maintenance and transfer activities, requiring fresh be...
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The ITAT set aside the rejection of the registration application under section 12AB, finding that the discrepancies in the dissolution clause and allegations of benefiting a particular community and non-genuineness of activities were curable defects. The assessee had modified the trust deed but failed to produce complete documentation before the CIT(E). Given the trust's longstanding recognition as a charitable entity under sections 11 and 12, the Tribunal granted the assessee an opportunity to rectify deficiencies and submit requisite evidence. The appeal was disposed of for statistical purposes, allowing the assessee to reapply with complete records to substantiate its charitable status and compliance with statutory requirements.
The ITAT set aside the rejection of the registration application under section 12AB, finding that the discrepancies in the dissolution clause and allegations of benefiting a particular community and non-genuineness of activities were curable defects. The assessee had modified the trust deed but failed to produce complete documentation before the CIT(E). Given the trust's longstanding recognition as a charitable entity under sections 11 and 12, the Tribunal granted the assessee an opportunity to rectify deficiencies and submit requisite evidence. The appeal was disposed of for statistical purposes, allowing the assessee to reapply with complete records to substantiate its charitable status and compliance with statutory requirements.
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