Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
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Tax exemption applies to specified income of the Delhi Pollution Control Committee under Schedule III read with section 11 of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on deposits or investments of surplus funds. The exemption applies for tax years 2026-27 and 2027-28, subject to the committee not undertaking commercial activity, filing its income-tax return as prescribed, and maintaining unchanged activities and income character. Non-compliance results in withdrawal of the exemption and initiation of proceedings under the Act.
Tax exemption applies to specified income of the Delhi Pollution Control Committee under Schedule III read with section 11 of the Income-tax Act, 2025. Exempt income includes government grants or subsidies, statutory consent, licence and application fees, environmental penalties and fines, and interest on deposits or investments of surplus funds. The exemption applies for tax years 2026-27 and 2027-28, subject to the committee not undertaking commercial activity, filing its income-tax return as prescribed, and maintaining unchanged activities and income character. Non-compliance results in withdrawal of the exemption and initiation of proceedings under the Act.
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