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 government has notified that a state real estate regulatory authority is exempt under section 10(46A) from income tax on specified income comprising government grants/loans/advances, fees and penalties under the Real Estate (Regulation and Development) Act, 2016, and interest on these amounts, subject to conditions that the authority does not engage in commercial activity, the nature of activities and specified income remain unchanged across financial years, and the authority files returns as required under section 139(4C)(g); the notification is given retrospective and prospective effect for specified assessment years.
The government has notified that a state real estate regulatory authority is exempt under section 10(46A) from income tax on specified income comprising government grants/loans/advances, fees and penalties under the Real Estate (Regulation and Development) Act, 2016, and interest on these amounts, subject to conditions that the authority does not engage in commercial activity, the nature of activities and specified income remain unchanged across financial years, and the authority files returns as required under section 139(4C)(g); the notification is given retrospective and prospective effect for specified assessment years.
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