Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Specified income of the Chhattisgarh Real Estate Regulatory Authority is notified for exemption purposes under Schedule III read with section 11 of the Income-tax Act, 2025. Covered income comprises government grants, loans or advances; fees and penalties received from real-estate stakeholders under the real-estate regulatory law; and interest earned on those receipts. The notification applies for tax years 2026-27 and 2027-28, subject to the Authority not undertaking commercial activity, filing its income-tax return as prescribed, and maintaining unchanged activities and income nature. Non-compliance results in withdrawal of the exemption and initiation of proceedings under the Act.
Specified income of the Chhattisgarh Real Estate Regulatory Authority is notified for exemption purposes under Schedule III read with section 11 of the Income-tax Act, 2025. Covered income comprises government grants, loans or advances; fees and penalties received from real-estate stakeholders under the real-estate regulatory law; and interest earned on those receipts. The notification applies for tax years 2026-27 and 2027-28, subject to the Authority not undertaking commercial activity, filing its income-tax return as prescribed, and maintaining unchanged activities and income nature. Non-compliance results in withdrawal of the exemption and initiation of proceedings under the Act.
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