Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
Central Government, exercising power under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, notifies an urban development authority constituted under the Uttar Pradesh Urban Planning and Development Act as eligible for tax exemption on specified income, effective for assessment year 2025-26, conditioned on the authority continuing to exist under that Act and carrying one or more purposes specified in sub-clause (a) of clause (46A). The notification is certified as having no adverse retrospective impact on any person.
Central Government, exercising power under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, notifies an urban development authority constituted under the Uttar Pradesh Urban Planning and Development Act as eligible for tax exemption on specified income, effective for assessment year 2025-26, conditioned on the authority continuing to exist under that Act and carrying one or more purposes specified in sub-clause (a) of clause (46A). The notification is certified as having no adverse retrospective impact on any person.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
