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

Professional education has charitable character

ByCA Gopal Nathani

Dec 31, 2021

In the context of income tax law education per se is considered to be charitable in nature. Currently much of the training and education is imparted in digital form by holding conferences seminars online.

While stating that now a days every professional person whether doctor, advocate, or chartered accountant has to remain up to date with new technology where such knowledge is acquired/gained through web conferences which are being held online through webinars the tribunal in [2021] 92 ITR (Trib) 642 (ITAT[Amrit]) held that the activities of the association of physicians holding conferences, etc. amount to charitable activities as these spread medical education to medical doctors and medical students.

Importantly there is a also finding in this case that such conferences/webinars were being conducted both free and against nominal charges.