TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
Functional comparability governs software-service benchmarking: dissimilar companies are excluded, while related-party filters, margins and working-ca...
The Central Government notified the Prayagraj Mela Pradhikaran as an exempt entity under Section 10(46A) of the Income-tax Act, 1961. The exemption is effective from the assessment year 2024-25, contingent upon the authority's continued status under the Uttar Pradesh Prayagraj Mela Authority Act, 2017. The notification specifically applies to the designated authority, granting tax exemption subject to maintaining its original statutory constitutional framework and prescribed organizational purposes.
The Central Government notified the Prayagraj Mela Pradhikaran as an exempt entity under Section 10(46A) of the Income-tax Act, 1961. The exemption is effective from the assessment year 2024-25, contingent upon the authority's continued status under the Uttar Pradesh Prayagraj Mela Authority Act, 2017. The notification specifically applies to the designated authority, granting tax exemption subject to maintaining its original statutory constitutional framework and prescribed organizational purposes.
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