Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
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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