The tribunal held that systematic sports training and self-defence instruction to students constitute education under Section 2(15). As activities were charitable and genuine, denial of registration under Sections 12AB and 80G was set aside.
The case involved exemption claim on maturity of an assigned Keyman Insurance Policy. The Tribunal held that Explanation 1 to Section 10(10D) includes assigned policies and applies retrospectively. It ruled that such receipts remain taxable despite assignment.
The amendment permits payment aggregators as a new mode of deposit in the electronic cash ledger. This expands digital payment options and improves ease of compliance.
SEBI has proposed allowing Gift PPIs for mutual fund subscriptions to attract new investors. The framework includes strict safeguards on funding, ownership, and usage limits.
The DGFT extended TRQ authorisations for gold imports under India-UAE CEPA citing geopolitical disruptions. The ruling ensures automatic extension without procedural requirements.
The issue was whether procedural delays and challan errors could deny SVLDR benefits. The Court held that substantive compliance prevails and relief cannot be denied for technical defects.
The case involved non-passing of ITC benefits after GST implementation. The Tribunal held that full ITC gains must be passed on and ordered refund with interest.
The issue included verification of ITC benefit among buyers. The Tribunal relied on DGAP findings and the builder’s acceptance to confirm liability. The ruling underscores the evidentiary role of buyer confirmations.
The case involved denial of remaining depreciation where machinery was used for a short period. The Court held that balance depreciation can be claimed in the subsequent year to ensure parity.
The Tribunal held that change in accounting method causing timing difference cannot lead to double taxation. Since prior period adjustment was allowed and no revenue loss occurred, the addition was deleted.
