Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return filing...
Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Application for waiver of income tax - reference before BIFR - when the Department had objected to any concession being granted and stated that without quantification, the Revenue would not be in a position to give any concession and the BIFR scheme envisaged only 'to consider' the request for tax concession then IT Department is not bound to grant the benefit of any waiver
Application for waiver of income tax - reference before BIFR - when the Department had objected to any concession being granted and stated that without quantification, the Revenue would not be in a position to give any concession and the BIFR scheme envisaged only 'to consider' the request for tax concession then IT Department is not bound to grant the benefit of any waiver
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