Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The Central Government has notified an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 as covered by clause (46A)(b) of section 10 of the Income-tax Act, 1961, making specified income of that authority exempt from tax effective for assessment year 2024-25, subject to the authority continuing to have one or more of the purposes listed in sub-clause (a) of clause (46A). The notification includes an explanatory memorandum stating that no person is adversely affected by its retrospective effect.
The Central Government has notified an authority constituted under the Uttar Pradesh Urban Planning and Development Act, 1973 as covered by clause (46A)(b) of section 10 of the Income-tax Act, 1961, making specified income of that authority exempt from tax effective for assessment year 2024-25, subject to the authority continuing to have one or more of the purposes listed in sub-clause (a) of clause (46A). The notification includes an explanatory memorandum stating that no person is adversely affected by its retrospective effect.
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