Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
Central Silk Board, Bengaluru (PAN: AAALC0093M) is exempted from income tax u/s 10(46) of the IT Act, 1961 on specified incomes like grants, compensation from property sale, royalties, penalties, fees for services, and interest income. The exemption is subject to non-commercial activities, unchanged nature of specified income, and filing returns. It is applicable for AYs 2024-25 to 2028-29.
Central Silk Board, Bengaluru (PAN: AAALC0093M) is exempted from income tax u/s 10(46) of the IT Act, 1961 on specified incomes like grants, compensation from property sale, royalties, penalties, fees for services, and interest income. The exemption is subject to non-commercial activities, unchanged nature of specified income, and filing returns. It is applicable for AYs 2024-25 to 2028-29.
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