Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Exempts specified income of the District Legal Service Authority, Jind, for tax year 2026-27 under Schedule III read with section 11 of the Income-tax Act, 2025. Eligible income includes grants and donations from specified legal-services and government bodies, court-ordered receipts, recruitment application fees, and interest on bank deposits. The exemption requires the Authority not to undertake commercial activities, to file its income-tax return as prescribed, and to maintain unchanged activities and income nature throughout the tax years. Non-compliance withdraws the exemption and may trigger proceedings under the Act.
Exempts specified income of the District Legal Service Authority, Jind, for tax year 2026-27 under Schedule III read with section 11 of the Income-tax Act, 2025. Eligible income includes grants and donations from specified legal-services and government bodies, court-ordered receipts, recruitment application fees, and interest on bank deposits. The exemption requires the Authority not to undertake commercial activities, to file its income-tax return as prescribed, and to maintain unchanged activities and income nature throughout the tax years. Non-compliance withdraws the exemption and may trigger proceedings under the Act.
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