Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Advances written off were held deductible only if the assessee proves they were advanced for business purposes, became irrecoverable, and satisfy the statutory conditions for bad debt or business loss; because complete particulars were not furnished, the matter was remanded for fresh verification. A claim for correct MAT credit carry forward was admitted in principle before the appellate authority, since a new claim may be raised absent a statutory bar, but computation was sent back for scrutiny. An appeal against a rectification order passed in an assessment made under DRP directions was held maintainable. The rectification dispute was also remitted for fresh consideration because proper opportunity was not given and additional evidence required examination.
Advances written off were held deductible only if the assessee proves they were advanced for business purposes, became irrecoverable, and satisfy the statutory conditions for bad debt or business loss; because complete particulars were not furnished, the matter was remanded for fresh verification. A claim for correct MAT credit carry forward was admitted in principle before the appellate authority, since a new claim may be raised absent a statutory bar, but computation was sent back for scrutiny. An appeal against a rectification order passed in an assessment made under DRP directions was held maintainable. The rectification dispute was also remitted for fresh consideration because proper opportunity was not given and additional evidence required examination.
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