Exemption u/s 54
Thje Kerala High Court in the case of ITO v. K.C. Gopalan (107TAXC591) held that there is no restriction under…
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Today's
Wrong reopening ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Yesterday's In no way the AO has power to question arm’s length pricing in unrelated party transactions ......Read More
Certificate of Registration u/s 12A
Before the Gujarat High Court in the case of Adivasi Kheti Vikas Yojana v. CCIT (107TAX445) the registration certificate u/s…
......Read MoreFundamental Rule for Grant of Exemption
Clause (vi) of section 10(23) provide for an exemption to an educational institution existing solely for educational purposes. The Madras…
......Read MoreCharitable Purpose – Religious Objects
In order to qualify for exemption a trust must pursue charitable objects. Charitable object is defined to mean relief of…
......Read MoreSubstance Over Form – Positive Side
In Sir Kikabhai Premchand v. CIT [1953] 24 ITR 506 (SC), the Apex Court held that in revenue cases regard…
......Read MoreIncome Accumulation – Write Specific Object Else Loose Exemption
Under section 11(2), if a charitable institutions desires to accumulate more than 25 per cent. of its income the accumulation…
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