Opportunity to furnish unsecured-loan confirmations is required before reassessment initiation; proceedings require fresh consideration after taxpayer...
Under-reporting on a first reassessment return attracts penalty, while enhanced misreporting penalty requires proof of a statutory misreporting catego...
The Central Government, exercising powers under Section 35(1)(ii) of the Income-tax Act, 1961, approves KIMS Foundation and Research Centre, Hyderabad as an "Other Institution" under the "University, College or Other Institution" category for Scientific Research. The notification applies retrospectively from the Previous Year 2025-26, covering Assessment Years 2026-27 to 2030-31, with no adverse impact on any party. The approval enables tax benefits for scientific research activities conducted by the institution.
The Central Government, exercising powers under Section 35(1)(ii) of the Income-tax Act, 1961, approves KIMS Foundation and Research Centre, Hyderabad as an "Other Institution" under the "University, College or Other Institution" category for Scientific Research. The notification applies retrospectively from the Previous Year 2025-26, covering Assessment Years 2026-27 to 2030-31, with no adverse impact on any party. The approval enables tax benefits for scientific research activities conducted by the institution.
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TaxTMI 
TaxTMI 
of 4916 
