Andhra Pradesh High Court clarifies that export sales under Section 5(1) of CST Act require an inextricable link between sale and export, setting aside arbitrary tax levy on export turnover.
ITAT Mumbai holds that charitable trusts can claim indexation benefit on long-term capital gains under Section 48 even while claiming exemption under Section 11, clarifying double deduction myths.
CESTAT Chandigarh rules educational consultants providing services to foreign universities do not qualify as 'intermediary services' under Rule 2(f) of Place of Provision of Services Rules, 2012, making them exempt from service tax.
ITAT clarifies that registration under Section 80G(5) cannot be denied solely due to religious objects if religious expenditure is under 5% of total income, reinforcing statutory threshold.