Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
There are two regimes for trusts, funds, or institutions to claim exemption. The first regime is under sub-clauses (iv), (v), (vi), or (via) of clause (23C) of section 10. The second regime is u/ss 11 to 13. To simplify procedures and reduce administrative burden, the first regime will be phased out gradually. Applications for approval under the first regime filed on or after October 1, 2024, will not be considered. Pending applications before that date will be processed under the first regime. Approved entities will continue to receive exemption under the first regime until the validity period. They can subsequently apply for registration under the second regime. Certain eligible investment modes under the first regime will be protected in the second regime through amendments to section 13. These changes will take effect from October 1, 2024.
There are two regimes for trusts, funds, or institutions to claim exemption. The first regime is under sub-clauses (iv), (v), (vi), or (via) of clause (23C) of section 10. The second regime is u/ss 11 to 13. To simplify procedures and reduce administrative burden, the first regime will be phased out gradually. Applications for approval under the first regime filed on or after October 1, 2024, will not be considered. Pending applications before that date will be processed under the first regime. Approved entities will continue to receive exemption under the first regime until the validity period. They can subsequently apply for registration under the second regime. Certain eligible investment modes under the first regime will be protected in the second regime through amendments to section 13. These changes will take effect from October 1, 2024.
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