1

Commissioner (A) is not empowered to enhance income a new source of income vide 82ITR 9Trib) 176
1

It is assessee’s choice to select a method for determining FMV of shares vide 81 ITR (Trib) (SN) 78
1

No TP adjustment of trade receivables in case of a debt-free company vide 81ITR (Trib) (SN) 94
1

To accord registration as a charitable institution under income tax dominant purpose must be charitable and satisfies the conditions laid down us 2(15) vide 426ITR108 despite having non charitable ancillary objects meant to achieve the dominant purpose
1

Transactions with dubious entities is reason enough for case reopening vide 421ITR624

Certificate of Registration u/s 12A

ByCA Gopal Nathani

Sep 7, 2020

Before the Gujarat High Court in the case of Adivasi Kheti Vikas Yojana v. CCIT (107TAX445) the registration certificate u/s 12A was not traceable either with the revenue or with the assessee though an application of the assessee in this regard was available. The assessing officer denied benefit of exemption u/s 11 to the trust. The Court directed the revenue to decide on the old application of the assessee for issue of registration certificate.