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...
Delay in filing the first appeal was condonable because the assessees gave an elaborate explanation and acted on professional advice; substantial justice was preferred over a technical objection, so dismissal solely for delay was unsustainable. The note further states that compensation received by BSNL employees under the Voluntary Retirement Scheme, 2019 is retrenchment compensation eligible for exemption as a capital receipt under section 10(10B), and the claim could not be denied merely because it was not made in the return. The contrary appellate findings were set aside and revised computations, verification, and consequential refund were directed.
Delay in filing the first appeal was condonable because the assessees gave an elaborate explanation and acted on professional advice; substantial justice was preferred over a technical objection, so dismissal solely for delay was unsustainable. The note further states that compensation received by BSNL employees under the Voluntary Retirement Scheme, 2019 is retrenchment compensation eligible for exemption as a capital receipt under section 10(10B), and the claim could not be denied merely because it was not made in the return. The contrary appellate findings were set aside and revised computations, verification, and consequential refund were directed.
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