Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
The government exempts a welfare board established by a Union Territory from tax on specified income under section 10(46) of the Income-tax Act, 1961. The exempt income includes cess collected, registration and renewal fees from workers, and interest on bank deposits. The exemption is conditional on the board not engaging in commercial activities, maintaining the nature of specified income, and filing income tax returns as required. This exemption applies retrospectively from the financial year 2023-2024 through 2027-2028. The notification confirms no adverse effect on any person due to its retrospective application.
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