Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
A society registered under the Societies Registration Act, 1860 was held not liable to tax at the maximum marginal rate merely because it was treated as an association of persons with indeterminate shares. The Tribunal found that the statutory exception for a registered society had been overlooked, so the income had to be recomputed at the rates applicable to an individual. The TDS credit claim was not decided on merits and was remitted to the Assessing Officer for verification, with credit to be allowed if the claim and corresponding income were correctly reflected in the return.
A society registered under the Societies Registration Act, 1860 was held not liable to tax at the maximum marginal rate merely because it was treated as an association of persons with indeterminate shares. The Tribunal found that the statutory exception for a registered society had been overlooked, so the income had to be recomputed at the rates applicable to an individual. The TDS credit claim was not decided on merits and was remitted to the Assessing Officer for verification, with credit to be allowed if the claim and corresponding income were correctly reflected in the return.
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