The issue was whether a religious object in the trust deed bars 80G approval. The Tribunal held that where actual activities are purely charitable and no religious expenditure is incurred, approval cannot be denied.
This explains how non-realisation of export proceeds within FEMA timelines leads to GST refund reversal and interest liability. The key takeaway is that exporters must track realisation deadlines proactively to avoid automatic tax exposure.
This explains when ITC becomes ineligible under Section 17(5)(h) due to expiry or destruction of goods. The key takeaway is that ITC reversal is mandatory and time-sensitive.
The issue concerned treating business creditors as unexplained cash credits due to non-response to notices. The Tribunal held that corroborative balance sheets and ledger evidence warranted fresh verification, and remanded the matter to the AO.
In NHRC Case No. 248/36/0/2025, the Commission examined complaints of alarming fluoride contamination in Telangana groundwater and noted official reports showing an increase of nine affected villages and State reliance on alternative surface water supply schemes. The NHRC has now directed that the Action Taken Reports be shared with the complainant and sought comments within four weeks before further proceedings
The court held that cheque dishonour caused by a statutory account freeze during insolvency does not attract criminal liability. The key takeaway is that lawful incapacity, not default, defeats Section 138 prosecutions.
The Tribunal held that cancellation of the earlier sale deed restored legal ownership to the assessee’s family. Consequently, compensation received on compulsory acquisition qualified for exemption under section 10(37).
The High Court ruled that tax authorities cannot ignore a binding ITAT Special Bench decision under Section 264 merely because the department has appealed it. Judicial discipline requires adherence unless the ruling is stayed or overturned.
The Tribunal examined whether delay in filing the tax audit report warranted penalty under section 271B. It held that liquidation proceedings and the illness and death of the partner constituted reasonable cause under section 273B, justifying deletion of penalty.
Allegations center on discounted asset purchases followed by high-value charitable donations to secure outsized tax deductions. The key takeaway is the risk posed by inflated appraisals and weak valuation controls.
