Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Page of 4792
Press 'Enter' after typing page number.
61 to 80 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Specified income of the Baddi Barotiwala Nalagarh Development...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assessment years.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Specified income of the Baddi Barotiwala Nalagarh Development Authority is exempt under section 10(46) of the Income-tax Act, 1961, pursuant to transitional provisions preserving the operation of the repealed Act for relevant earlier tax years. The exemption covers Central or Himachal Pradesh Government grants, revenue receipts under the Himachal Pradesh Town and Country Planning Act, 1977, and interest on bank deposits. It applies retrospectively for assessment years 2024-25 to 2026-27, subject to the Authority not undertaking commercial activity, maintaining unchanged activities and specified income, and filing its income-tax return. Non-compliance may trigger penalties and withdrawal of exemption.
Specified income of the Baddi Barotiwala Nalagarh Development Authority is exempt under section 10(46) of the Income-tax Act, 1961, pursuant to transitional provisions preserving the operation of the repealed Act for relevant earlier tax years. The exemption covers Central or Himachal Pradesh Government grants, revenue receipts under the Himachal Pradesh Town and Country Planning Act, 1977, and interest on bank deposits. It applies retrospectively for assessment years 2024-25 to 2026-27, subject to the Authority not undertaking commercial activity, maintaining unchanged activities and specified income, and filing its income-tax return. Non-compliance may trigger penalties and withdrawal of exemption.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
