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- Trust registration should be based on its charitable objects, not on a premature judgment of its income’s future taxability.
- The year of transfer for capital gains is the year possession is handed over and consideration is paid, not the year the sale deed is registered.
- A revised Form 9A filed before the completion of an assessment must be considered by the Assessing Officer to correctly determine the income of a charitable trust.
- Disallowance for Exempt Income Expenses Must Be Based Only on Investments That Actually Yielded Income.
- A disallowance for cash payments was remanded to the Assessing Officer to give the taxpayer a fresh opportunity to justify the payments under statutory exceptions.
- An AO cannot make new additions after dropping the original reason for reassessment.
- A company cannot claim the lower tax rate under Section 115BAA by filing a revised return if it failed to opt-in by the due date of the original return.
- Assessment of a third party (under Section 153C) is invalid if based on non-incriminating material related to transactions already disclosed in their tax return.
- Reopening an assessment after four years is invalid without new material or proof of the assessee’s failure to disclose.
- IMPORTANT GST TAX CASE LAW 15.10.2025
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