Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
A show cause notice for cancellation of charitable trust registration was valid where it referred to the search, survey, violations of the trust deed, misuse of the trust, and assessment findings; the trust's detailed reply showed adequate notice and opportunity to respond, and the Tribunal erred in treating the allegations as vague or isolating the Managing Trustee's conduct from the trust's misuse. The Court also held that the amended power to cancel registration could be invoked against a trust registered earlier, but the cancellation could not operate retrospectively from the original date of registration. The cancellation was upheld, but confined to the date of the cancellation order.
A show cause notice for cancellation of charitable trust registration was valid where it referred to the search, survey, violations of the trust deed, misuse of the trust, and assessment findings; the trust's detailed reply showed adequate notice and opportunity to respond, and the Tribunal erred in treating the allegations as vague or isolating the Managing Trustee's conduct from the trust's misuse. The Court also held that the amended power to cancel registration could be invoked against a trust registered earlier, but the cancellation could not operate retrospectively from the original date of registration. The cancellation was upheld, but confined to the date of the cancellation order.
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