Transfer pricing comparability under TNMM: foreign exchange loss on ECB excluded from operating cost, and a functionally dissimilar comparator removed...
Fake AI-generated precedents vitiate adjudication, with unverified citations contaminating the decision-making process and undermining the rule of law...
Page of 4824
Press 'Enter' after typing page number.
2001 to 2020 of 96463 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 12AB(4), as amended from 01.04.2022, does not authorise retrospective cancellation of charitable registration for earlier assessment years absent express legislative mandate. The Tribunal held that cancellation may operate only for the relevant previous year in which the specified violation is noticed and for subsequent years, not to reopen registration status for prior years. Applying this interpretation, the order cancelling registration from assessment year 2015-16 onwards was unsustainable and was set aside. The Tribunal also declined to examine the separate limitation plea relating to consequential assessment, as it was outside the scope of the appeal.
Section 12AB(4), as amended from 01.04.2022, does not authorise retrospective cancellation of charitable registration for earlier assessment years absent express legislative mandate. The Tribunal held that cancellation may operate only for the relevant previous year in which the specified violation is noticed and for subsequent years, not to reopen registration status for prior years. Applying this interpretation, the order cancelling registration from assessment year 2015-16 onwards was unsustainable and was set aside. The Tribunal also declined to examine the separate limitation plea relating to consequential assessment, as it was outside the scope of the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
