| | BINDU MADHAVA | 8/6/12 |
P
| 8/6/12 |
Leasing out of land to affiliate on reciprocity basis to fulfil trust's objectives doesn't bar sec. 80G relief
February 2, 2015[2015] 53 taxmann.com 436 (Pune - Trib.)
IT : Leasing out of land to affiliate on reciprocity basis to fulfil trust's objectives doesn't bar sec. 80G relief
IT : At stage of registration under section 12A, only nature of activities of trust and its charitable purpose was to be looked into registration to assessee trust could not be disallowed only on basis of agreement entered into by assessee
ITAT directs lower authorities to follow Merilyn shipping's case until reversed by jurisdictional HC
February 2, 2015[2015] 53 taxmann.com 534 (Hyderabad - Trib.)
IT : The Tribunal held that no disallowance should be made under section 40(a)(ia) for TDS default in relation to amount paid during the year.It held that ITAT Special bench's decision in the case of Merilyn Shipping & Transports v. ADIT [2012] 20 taxmann.com 244 (Visakhapatnam) is binding on lower authorities until and unless the same is reversed by the Hon'ble jurisdictional High Court.
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