Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
The Central Government has notified that a state seed and organic certification agency constituted under the Seeds Act, 1966 qualifies as an authority for exemption of specified income under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act; the notification is effective from assessment year 2024-25, conditional on the agency continuing to meet the qualifying purposes in sub-clause (a) of clause (46A). The explanatory memorandum states no person is adversely affected by retrospective effect.
The Central Government has notified that a state seed and organic certification agency constituted under the Seeds Act, 1966 qualifies as an authority for exemption of specified income under sub-clause (b) of clause (46A) of section 10 of the Income-tax Act; the notification is effective from assessment year 2024-25, conditional on the agency continuing to meet the qualifying purposes in sub-clause (a) of clause (46A). The explanatory memorandum states no person is adversely affected by retrospective effect.
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