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...
Interim judicial directions governing LTC/LFC reimbursements can suspend an employer's operative TDS obligation where they expressly treat the payments as non-income for withholding purposes and place eventual tax liability on employees if the challenge fails. The Tribunal followed a Kerala High Court decision concerning the same assessee and stated that the bank could not be treated as having defaulted on a subsisting deduction obligation while the Madras High Court's directions remained operative. Accordingly, the article reports that the orders deeming the bank an assessee in default and imposing consequential tax and interest were quashed, and the related TDS demands were annulled.
Interim judicial directions governing LTC/LFC reimbursements can suspend an employer's operative TDS obligation where they expressly treat the payments as non-income for withholding purposes and place eventual tax liability on employees if the challenge fails. The Tribunal followed a Kerala High Court decision concerning the same assessee and stated that the bank could not be treated as having defaulted on a subsisting deduction obligation while the Madras High Court's directions remained operative. Accordingly, the article reports that the orders deeming the bank an assessee in default and imposing consequential tax and interest were quashed, and the related TDS demands were annulled.
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