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...
The Central Board of Direct Taxes issued Notification No. 68/2025 granting income tax exemption to Food Safety and Standards Authority of India under section 10(46A)(b) of the Income Tax Act, 1961. The Authority, constituted under the Food Safety and Standards Act, 2006, receives exemption from specified income effective assessment year 2026-2027. The exemption remains conditional upon the Authority maintaining its statutory status under the Food Safety and Standards Act, 2006 and fulfilling purposes specified in section 10(46A)(a) of the IT Act. This notification enables the regulatory body to claim tax exemption on qualifying income streams pursuant to its statutory functions and objectives.
The Central Board of Direct Taxes issued Notification No. 68/2025 granting income tax exemption to Food Safety and Standards Authority of India under section 10(46A)(b) of the Income Tax Act, 1961. The Authority, constituted under the Food Safety and Standards Act, 2006, receives exemption from specified income effective assessment year 2026-2027. The exemption remains conditional upon the Authority maintaining its statutory status under the Food Safety and Standards Act, 2006 and fulfilling purposes specified in section 10(46A)(a) of the IT Act. This notification enables the regulatory body to claim tax exemption on qualifying income streams pursuant to its statutory functions and objectives.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
