Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
The Central Government has approved an international hospital and research center, operating under an orphanage committee in Kerala, as an institution eligible for scientific research benefits under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval, effective for five assessment years from 2026-27 to 2030-31, classifies the entity under the category of "Other Institution" for tax purposes. The notification confirms that no individual is adversely impacted by the retrospective application of this approval.
The Central Government has approved an international hospital and research center, operating under an orphanage committee in Kerala, as an institution eligible for scientific research benefits under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961. This approval, effective for five assessment years from 2026-27 to 2030-31, classifies the entity under the category of "Other Institution" for tax purposes. The notification confirms that no individual is adversely impacted by the retrospective application of this approval.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
