Since the primary object was the advancement of an object of general public utility without a profit motive, the activities did not constitute trade, commerce, or business. Therefore, the restrictions in the proviso to Section 2(15) were not applicable and assessee was held entitled to the exemption under Section 11.
Explains how Draft Form 26 fundamentally reshapes tax audit reporting by expanding it beyond book-to-tax reconciliation. The key takeaway is that tax audits will now function as a full-spectrum compliance and risk-validation tool.
Explains why due diligence is meant to identify and manage risks early, helping transactions proceed on informed and confident terms.
Examines how rapid economic and infrastructure growth often outpaces education quality, accountability, and social well-being, raising questions about humane development.
Explains how control and statutory liability rest with the Data Fiduciary, while Data Processors operate under contractual instructions with indirect exposure.
Explains why general ITC entitlement under Section 16(1) is curtailed by specific blocks in Section 17(5), and how courts reconcile both within GST’s value-added framework.
Setting aside an unauthorised transfer order, the Court held that CJMs lack jurisdiction to move criminal trials between courts. The ruling reinforces strict adherence to statutory limits on judicial powers.
The Appellate Authority clarified that refund-related queries are not among the issues specified for advance rulings under the CGST Act. The ruling underscores the limited scope of advance ruling jurisdiction.
The Tribunal upheld disallowance of political donation deductions where the assessee failed to prove genuineness and the transactions were linked to suspected accommodation entries. The ruling reinforces the burden on taxpayers to substantiate claims under section 80GGC with credible evidence.
The adjudicating authority imposed penalties for a continuing failure to file statutory financial statements for FY 2020–21. The order reiterates that prolonged defaults attract monetary consequences and require mandatory rectification.
