S. 14A : Disallowance of expenditure-Exempt income-No exempt income-No disallowance can be made. [R. 8D]

S. 14A : Disallowance of expenditure-Exempt income-AO was required to work out the average of such investment, the income from which did not form part of the total income instead of total value of investment-Matter remanded. [R. 8D(2)(iii)]

S. 14A : Disallowance of expenditure-Exempt income-No income earned by assessee during the relevant AY-No disallowance can be made. [R. 8D].

S. 13 : Denial of exemption-Trust or institution-Investment restrictions-Only upto the violation of the provisions-Exemption cannot be denied. [S. 11, 12, 13(3), 164(2)]

S. 12AA : Procedure for registration-Trust or institution-Objectives of trust are not under question-Non filing of return-Not a ground for cancelling registration. [S. 12A, 80G(5)(vi), 139(4A)]

S. 11 : Property held for charitable purposes-Educational institution-Additional evidence admitted-Matter remanded to the Assessing Officer for re-examination. [S. 2(15), 10(23C)(iiiab)]

S. 11 : Property held for charitable purposes-Holding exhibition-Trust having surplus in one year did not change character of trust to business or profit making entity-Entitle to exemption. [S. 2(15)]

S. 11 : Property held for charitable purposes-Non filing of audit report online-The requirement is directory not mandatory-exemption u/s. 11 is allowed. [S. 12A, 154, Form No. 10B]

S. 11 : Property held for charitable purposes-Voluntary contributions-Transaction with related party at arm’s length-Exemption cannot be denied. [S. 2(15), 12, 13(2)(g)]

S. 9(1)(i) : Income deemed to accrue or arise in India-Business connection-No Permanent Establishment during relevant assessment year for activities relating from which Assessee had earned revenue-could not be taxed as business profit carried out through PE in India-Appeal Allowed-DTAA-India-Spain. [S. 90, Art. 13(4)]