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...
CBDT has standardized the application process for income tax exemption under section 10(46A) of Income Tax Act, 1961. Non-company entities established under Central/State Acts for housing, urban development, or public benefit regulation must file applications with jurisdictional Pr. CIT/CIT/Pr. DIT/DIT. Applications require submission in prescribed format (Annexure A) to Under Secretary (ITA-I), CBDT with acknowledgment from jurisdictional authority. The checklist mandates comprehensive details including legal status, statutory basis, nature of activities, existing tax approvals/registrations, and three years' financial records. This streamlines exemption requests for qualifying bodies while ensuring proper documentation and jurisdictional oversight.
CBDT has standardized the application process for income tax exemption under section 10(46A) of Income Tax Act, 1961. Non-company entities established under Central/State Acts for housing, urban development, or public benefit regulation must file applications with jurisdictional Pr. CIT/CIT/Pr. DIT/DIT. Applications require submission in prescribed format (Annexure A) to Under Secretary (ITA-I), CBDT with acknowledgment from jurisdictional authority. The checklist mandates comprehensive details including legal status, statutory basis, nature of activities, existing tax approvals/registrations, and three years' financial records. This streamlines exemption requests for qualifying bodies while ensuring proper documentation and jurisdictional oversight.
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