S.14A : Disallowance of expenditure-Exempt income-Interest free funds-Dividend through RTGS-Directed to verify calculation vis a vis calculation accepted in earlier years and restrict disallowance accordingly. [R.8D]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income-Amendment with effect from April 1, 2022 the Finance Act, 2022 with retrospective effect-Matter remanded.[R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-No exempt income during the relevant year-Disallowance not warranted. [R.8D]

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Substantial interest-Capital gain-Founder trustee of assessee-trust was holding only 0.83 per cent of aggregate paid-up ordinary share capital of TSL-No violation of provision-Investment in redeemable preferential shares-Entire income of trust shall not become ineligible for exemption, it was to be restricted only to income derived from prohibited investments. [S.11, 12A, 13(1)(d), 13(2)(h), 80G]

S. 13 : Denial of exemption-Trust or institution-Capitation fees-Voluntary contribution-Denial of exemption is not justified. [S. 11, 12A, 13(1)(c), Karnataka Educational Institutions (Prohibition of capitation Fee) Act, 1984]

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Specified persons-Using premises-Rendering professional services without charging professional fees-Building owned by specified person used by the Trust without rent-Disqualification not attracted-Denial of exemption is not valid. [S. 11, 12A, 13(1)(c)]

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Advance of interest bearing loans to a company in which the trustees are interested who are managing the trust-Collecting the fees over and above prescribed by the BPUT and the Government-Denial of exemption is affirmed.[S. 11, 12A, 13(1)(d), 13(2)(a),13(2)(c), 80G]

S. 12AA: Procedure for registration-Trust or institution-Cancellation of Registration-Amendment of objects of Society in 2013-No change in charitable nature of objects-Cancellation of registration not valid. [S. 2(15)]

S. 12AA: Procedure for registration-Trust or institution-Charitable purpose-Cancellation of registration-Cancellation cannot be with retrospective effect-Ceasing to be charitable institution-Sale of Institution in 2017-Cancellation of registration from the date of ceasing to be charitable is held to be valid. [S. 11, 12A, 12AA(3), 80G (5), 132, 153A]

S. 12AA : Procedure for registration-Trust or institution-Self-certified copies sufficient for claim of exemption-Denial of registration is held to be not valid [R. 17A]