Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Revenue-neutral domestic transfer pricing and mirror transactions justified deletion of related-party adjustments for operation, maintenance and port ...
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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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