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...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
