Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
Approval is granted to the Indian Institute of Information Technology Dharwad as a university, college or other institution for scientific research purposes under the Income-tax Act, 2025. The approval applies for tax years 2026-2027 through 2030-2031, subject to compliance with the prescribed conditions in the Income-tax Rules, 2026. The institution must prepare and submit an annual donation statement in Form 15 by 31 May following the tax year in which donations are received, and issue donors certificates in Form 16 stating the donation amount.
Approval is granted to the Indian Institute of Information Technology Dharwad as a university, college or other institution for scientific research purposes under the Income-tax Act, 2025. The approval applies for tax years 2026-2027 through 2030-2031, subject to compliance with the prescribed conditions in the Income-tax Rules, 2026. The institution must prepare and submit an annual donation statement in Form 15 by 31 May following the tax year in which donations are received, and issue donors certificates in Form 16 stating the donation amount.
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