Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Project approval and asset divestment conditions govern National Committee procedure, reimbursement entitlements, and post-completion compliance. Rule 11N regulates the sitting fee, travel reimbursement, accommodation allowance, and other expenditure of the National Committee for Promotion of Social and Economic Welfare. It also requires the Committee, before approving a company's project or scheme, to ensure that any capital asset created is immediately divested on completion in favour of the prescribed beneficiaries, depending on the nature of the project. The company must furnish completion details, and the Committee may withdraw approval after hearing if it is not satisfied with completion or divestment compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Project approval and asset divestment conditions govern National Committee procedure, reimbursement entitlements, and post-completion compliance.
Rule 11N regulates the sitting fee, travel reimbursement, accommodation allowance, and other expenditure of the National Committee for Promotion of Social and Economic Welfare. It also requires the Committee, before approving a company's project or scheme, to ensure that any capital asset created is immediately divested on completion in favour of the prescribed beneficiaries, depending on the nature of the project. The company must furnish completion details, and the Committee may withdraw approval after hearing if it is not satisfied with completion or divestment compliance.
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