Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
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ITAT held that at the stage of registration under section 12AB, enquiry is confined to the trust's objects and the genuineness of its activities, while issues of income application belong to assessment. It found the trust's procurement, processing and sale of rejected agricultural produce were intrinsically connected with relief of the poor and environmental protection, with surplus reinvested in charitable work. The tribunal rejected the view that purchase-sale accounts, salary , or CSR-funded receipts made the activity commercial, applying the predominant object test and noting no evidence of private profit. It set aside the rejection and directed grant of registration.
ITAT held that at the stage of registration under section 12AB, enquiry is confined to the trust's objects and the genuineness of its activities, while issues of income application belong to assessment. It found the trust's procurement, processing and sale of rejected agricultural produce were intrinsically connected with relief of the poor and environmental protection, with surplus reinvested in charitable work. The tribunal rejected the view that purchase-sale accounts, salary , or CSR-funded receipts made the activity commercial, applying the predominant object test and noting no evidence of private profit. It set aside the rejection and directed grant of registration.
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