Overdue associated-enterprise receivables: debt-free status defeated notional-interest adjustment, while employee stock-option costs qualified as busi...
Retrospective assessment-limitation amendments validate final orders while contemporaneous segment data governs transfer-pricing comparability and tol...
Transfer pricing adjustments must track international transactions, while unsupported AMP adjustments and unsuitable manufacturing comparables require...
Transfer-pricing adjustments must reflect functional comparability, working-capital effects, and avoid duplicating interest on associated-enterprise r...
Restricted gold import conditions: breach permits absolute confiscation, while redemption remains discretionary and is rarely disturbed on writ review...
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Approval under section 80G for a religious-cum-charitable trust cannot be denied merely because it conducts satsang or disseminates spiritual knowledge. Expenditure on those activities remained below the five per cent ceiling for religious expenditure under Explanation (3) to section 80G. Meetings intended to spread spiritual knowledge across communities are not, by themselves, religious activities; satsang is similarly not religious unless expenditure concerns a particular deity or related activity. Where registration under section 12AB has been granted after examining the same objects, section 80G approval must follow absent breach of its specific statutory conditions. Approval was directed to be granted.
Approval under section 80G for a religious-cum-charitable trust cannot be denied merely because it conducts satsang or disseminates spiritual knowledge. Expenditure on those activities remained below the five per cent ceiling for religious expenditure under Explanation (3) to section 80G. Meetings intended to spread spiritual knowledge across communities are not, by themselves, religious activities; satsang is similarly not religious unless expenditure concerns a particular deity or related activity. Where registration under section 12AB has been granted after examining the same objects, section 80G approval must follow absent breach of its specific statutory conditions. Approval was directed to be granted.
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