Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Pre-commencement receipts from broadband-project trial runs and scrap sales, when inextricably connected with installation of the capital asset, are treated as capital in nature. They are credited to capital work-in-progress and reduce construction cost rather than being taxed as income. For the infrastructure undertaking deduction, an eligible taxpayer may select an initial assessment year within the statutory claim period. The deduction then runs for the prescribed consecutive years from that chosen year, subject to statutory conditions, without setting off unabsorbed depreciation relating to years before the selected initial year.
Pre-commencement receipts from broadband-project trial runs and scrap sales, when inextricably connected with installation of the capital asset, are treated as capital in nature. They are credited to capital work-in-progress and reduce construction cost rather than being taxed as income. For the infrastructure undertaking deduction, an eligible taxpayer may select an initial assessment year within the statutory claim period. The deduction then runs for the prescribed consecutive years from that chosen year, subject to statutory conditions, without setting off unabsorbed depreciation relating to years before the selected initial year.
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