Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
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Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
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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