Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The ITAT allowed the appeal and directed the CIT(E) to grant registration under section 12A(1)(ac)(iii) to the applicant institution. The Tribunal held that where an entity is a notified religious institution under the applicable State endowments/statute (Schedule-1/section 35 of the State Act), statutory notification and Endowments Department registration substitute for a trust deed, and provisions of the general Trusts Act cease to apply. The institution's authorization letters, proceedings books, resolutions and approvals sufficiently established bona fide charitable expenditure and existence of the trust-function. Denial of registration solely for non-production of a trust deed was therefore unwarranted.
The ITAT allowed the appeal and directed the CIT(E) to grant registration under section 12A(1)(ac)(iii) to the applicant institution. The Tribunal held that where an entity is a notified religious institution under the applicable State endowments/statute (Schedule-1/section 35 of the State Act), statutory notification and Endowments Department registration substitute for a trust deed, and provisions of the general Trusts Act cease to apply. The institution's authorization letters, proceedings books, resolutions and approvals sufficiently established bona fide charitable expenditure and existence of the trust-function. Denial of registration solely for non-production of a trust deed was therefore unwarranted.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
