Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Notification exempting specified income of 'Kalyan Karnataka Region Development Board' (PAN AAAGH0732F), a Board constituted by Karnataka Government, from income tax u/s 10(46) of Income Tax Act, 1961. Exempted incomes: grants from Karnataka Government, interest on bank deposits. Conditions: no commercial activity, unchanged activities and income nature, filing return u/s 139(4C)(g). Retrospective application for assessment years 2022-23 and 2023-24. No adverse effect to any person.
Notification exempting specified income of 'Kalyan Karnataka Region Development Board' (PAN AAAGH0732F), a Board constituted by Karnataka Government, from income tax u/s 10(46) of Income Tax Act, 1961. Exempted incomes: grants from Karnataka Government, interest on bank deposits. Conditions: no commercial activity, unchanged activities and income nature, filing return u/s 139(4C)(g). Retrospective application for assessment years 2022-23 and 2023-24. No adverse effect to any person.
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