Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Delhi Pollution Control Committee is notified for exemption of...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filing.
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
Delhi Pollution Control Committee is notified for exemption of specified income under section 10(46) of the repealed Income-tax Act, 1961, preserved for relevant proceedings by the transitional provisions of the Income-tax Act, 2025.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 surplus-fund deposits or investments. The exemption applies only if the Committee undertakes no commercial activity, retains the same activities and income character, and files its income return as required. Non-compliance may trigger penal action and withdrawal of the exemption. The notification applies to the specified assessment years from 2024-25 through 2026-27.
Delhi Pollution Control Committee is notified for exemption of specified income under section 10(46) of the repealed Income-tax Act, 1961, preserved for relevant proceedings by the transitional provisions of the Income-tax Act, 2025.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 surplus-fund deposits or investments. The exemption applies only if the Committee undertakes no commercial activity, retains the same activities and income character, and files its income return as required. Non-compliance may trigger penal action and withdrawal of the exemption. The notification applies to the specified assessment years from 2024-25 through 2026-27.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
