S. 14A : Disallowance of expenditure-Exempt income-Explanation inserted by Finance Act, 2022 with effect from 1-4-2022 Provisions shall apply whether or not exempt income has accrued, arisen or received-Clarificatory in nature and applicable retrospectively. [R. 8D]
S. 14A : Disallowance of expenditure-Exempt income-Dividend and interest-Did not make suo motu disallowance-Matter remanded. [S. 10(34), R. 8D(ii)]
S. 14A : Disallowance of expenditure-Exempt income-Failure to record dissatisfaction-Addition was deleted. [R. 8D(2)(iii)]
S. 14A : Disallowance of expenditure-Exempt income-No exempt income-Disallowance cannot be made-Prior to 1-4-2022 [R. 8D]
S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Investment in a company-Denial of exemption is valid. [S. 11(5), 12A, 13(1)(d)]
S. 12AB : Procedure for fresh registration-Conditional registration-Commissioner’s guidance about conduct of assessee could not be construed as legally binding-Condition prescribed by the CIT(E) is vacated. [S. 12A(1)(c)]
S. 12AB : Procedure for fresh registration-Conditional registration is not valid-Guidance attached to the registration was vacated. [S. 12A]
S. 12AA : Procedure for registration-Trust or institution-Ancient temple-Acquired by State government under Himachal Pradesh Hindu Public Religious Institution and Charitable Endowment Act, 1984-Registration cannot be denied merely on ground that there was no original trust deed available-Matter is remanded to verify date of grant of registration to assessee. [S. 12A, Himachal Pradesh Hindu Public Religious Institution and Charitable Endowment Act, 1984, S. 29]
S. 12AA : Procedure for registration-Trust or institution-Denial of registration was not valid on the ground that the assessee has wrongly claimed exemption under sections 10(23BBA) and 10(23C)(v)-Registration under section 12AA was not dependent either upon section 10(23BBA) or 10(23C)(v)-Directed to consider application under section 80G for approval afresh. [S. 10(23BBA), 10(23C)(v), 11, 12A, 89G]
S. 12AA : Procedure for registration-Trust or institution-Amounts set apart for specific purposes-No assessment-Cancellation of registration is held to be premature [S. 12A, 12AA(4), 13, 132, 133A]