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Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
An educational institution running a school was found to have gross receipts below the prescribed threshold, so it was legally entitled to exemption under section 10(23C)(iiiad). The Tribunal noted that even if exemption under section 10(23C)(vi) was not available, the alternative claim succeeded on the admitted facts of educational activity and receipts within the statutory limit. The alternative plea was therefore accepted, and the exemption under section 10(23C)(iiiad) was allowed, leaving the other grounds open.
An educational institution running a school was found to have gross receipts below the prescribed threshold, so it was legally entitled to exemption under section 10(23C)(iiiad). The Tribunal noted that even if exemption under section 10(23C)(vi) was not available, the alternative claim succeeded on the admitted facts of educational activity and receipts within the statutory limit. The alternative plea was therefore accepted, and the exemption under section 10(23C)(iiiad) was allowed, leaving the other grounds open.
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