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 allowed the appeal of the assessee-trust and set aside the disallowance of exemption u/s 115BBC on anonymous donations. The Tribunal held that, though the AO and CIT(A) proceeded on the basis that the objects in the original Memorandum were only charitable and not religious, they failed to consider the amended deed dated 07.05.2014. The amended deed, duly filed and on record, established that the trust was created for both religious and charitable purposes. Consequently, the trust satisfied the statutory requirement and was held entitled to exemption u/s 115BBC.
ITAT allowed the appeal of the assessee-trust and set aside the disallowance of exemption u/s 115BBC on anonymous donations. The Tribunal held that, though the AO and CIT(A) proceeded on the basis that the objects in the original Memorandum were only charitable and not religious, they failed to consider the amended deed dated 07.05.2014. The amended deed, duly filed and on record, established that the trust was created for both religious and charitable purposes. Consequently, the trust satisfied the statutory requirement and was held entitled to exemption u/s 115BBC.
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