Jurisdictional sanction requirements bar reassessment when approval comes from an authority lacking statutory competence under the applicable framewor...
Recorded sales receipts cannot be reassessed as unexplained cash credits, eliminating the basis for consequential alleged commission expenditure addit...
Sufficient cause for delayed income-tax appeals requires bona fide diligence; unsubstantiated counsel illness and assessee inaction defeat condonation...
TNMM Segmentation Limits Transfer-Pricing Adjustments to Associated-Enterprise Transactions and Requires Turnover-Based Comparable Selection for IT Se...
Charitable registration under section 12AB depends on the trust's objects viewed as a whole. Objects concerning members' interests and welfare did not, when read with the principal objects, establish that a real estate development society existed merely to protect members' business interests. The objects were directed to the benefit of the public at large rather than religious activity. Registration could not be denied solely on those grounds; de novo consideration was sustained and the Revenue's appeal was dismissed.
Charitable registration under section 12AB depends on the trust's objects viewed as a whole. Objects concerning members' interests and welfare did not, when read with the principal objects, establish that a real estate development society existed merely to protect members' business interests. The objects were directed to the benefit of the public at large rather than religious activity. Registration could not be denied solely on those grounds; de novo consideration was sustained and the Revenue's appeal was dismissed.
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