Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Denial of charitable exemption under section 11 due to delayed filing of Form 10BB was held impermissible where the assessee was otherwise entitled to the benefit; procedural lapse alone should not defeat statutory exemption, and the tax department must not retain amounts not legitimately due. The court relied on precedent that revenue cannot collect tax not payable and treated the medical condition of the managing trustee as an explanatory circumstance for delay. Consequently the petitioner's entitlement to exemption was recognised while the court directed payment of Rs. 50,000 as a condition of relief.
Denial of charitable exemption under section 11 due to delayed filing of Form 10BB was held impermissible where the assessee was otherwise entitled to the benefit; procedural lapse alone should not defeat statutory exemption, and the tax department must not retain amounts not legitimately due. The court relied on precedent that revenue cannot collect tax not payable and treated the medical condition of the managing trustee as an explanatory circumstance for delay. Consequently the petitioner's entitlement to exemption was recognised while the court directed payment of Rs. 50,000 as a condition of relief.
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