Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
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.
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