PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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ITAT affirmed that the appellant charitable trust, which has not claimed registration or exemption under section 12A, is taxable as an Association of Persons for A.Y. 2023-24; the Tribunal found that the preconditions of the administrative circular were satisfied and therefore directed that income be assessed and tax computed at the slab rates applicable to an AOP with applicable surcharge and cess, rather than at trust-specific rates. The assessment is to be finalized accordingly, with tax liability determined under normal slab-rate provisions for an AOP for the relevant assessment year.
ITAT affirmed that the appellant charitable trust, which has not claimed registration or exemption under section 12A, is taxable as an Association of Persons for A.Y. 2023-24; the Tribunal found that the preconditions of the administrative circular were satisfied and therefore directed that income be assessed and tax computed at the slab rates applicable to an AOP with applicable surcharge and cess, rather than at trust-specific rates. The assessment is to be finalized accordingly, with tax liability determined under normal slab-rate provisions for an AOP for the relevant assessment year.
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