Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
The GoI issued a notification amending the Prevention of Money-laundering Act (PMLA) notification from 2006 by inserting a new entry (27) to include the Indian Cyber Crime Coordination Centre (I4C) as an authorized entity for information sharing under section 66(1)(ii). The amendment enables I4C to access and exchange financial intelligence data, expanding the scope of information sharing mechanisms in combating financial crimes and cyber-related money laundering activities. The modification was made by the Ministry of Finance, Department of Revenue, with the directive that such information exchange is necessary in public interest.
The GoI issued a notification amending the Prevention of Money-laundering Act (PMLA) notification from 2006 by inserting a new entry (27) to include the Indian Cyber Crime Coordination Centre (I4C) as an authorized entity for information sharing under section 66(1)(ii). The amendment enables I4C to access and exchange financial intelligence data, expanding the scope of information sharing mechanisms in combating financial crimes and cyber-related money laundering activities. The modification was made by the Ministry of Finance, Department of Revenue, with the directive that such information exchange is necessary in public interest.
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