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 principal tax authority under section 35(1)(iia) of the Income-tax Act, 1961, read with Rule 5F, has approved a company's activities as qualifying "scientific research" for tax purposes. The approval applies from 1 April 2025 to 31 March 2030 (assessment years 2026-27 through 2030-31). The notification is issued by the Principal Chief Commissioner of Income Tax (Exemptions) and includes an explanatory memorandum certifying that no person is adversely affected by giving the notification retrospective effect.
The principal tax authority under section 35(1)(iia) of the Income-tax Act, 1961, read with Rule 5F, has approved a company's activities as qualifying "scientific research" for tax purposes. The approval applies from 1 April 2025 to 31 March 2030 (assessment years 2026-27 through 2030-31). The notification is issued by the Principal Chief Commissioner of Income Tax (Exemptions) and includes an explanatory memorandum certifying that no person is adversely affected by giving the notification retrospective effect.
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