Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Cancellation/withdrawal of registration/approval u/s 12AA/10(23C)(vi) with retrospective effect - The AO while completing the assessment for AY 2010-11 after search found large scale diversion of funds and several improper actions in direct conflict to the terms of the Deed of Trust and conditions of registration/exemption and recommended to the competent authority to initiate proceedings for cancellation - it will take effect from the AY 2010-2011 and it is a mis-nomer that the orders are retrospective or retroactive
Cancellation/withdrawal of registration/approval u/s 12AA/10(23C)(vi) with retrospective effect - The AO while completing the assessment for AY 2010-11 after search found large scale diversion of funds and several improper actions in direct conflict to the terms of the Deed of Trust and conditions of registration/exemption and recommended to the competent authority to initiate proceedings for cancellation - it will take effect from the AY 2010-2011 and it is a mis-nomer that the orders are retrospective or retroactive
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