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...
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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...
A central government notification under section 10(46) of the Income-tax Act grants tax exemption to a state-constituted building and construction workers' welfare board for specified income: registration fees and annual subscriptions from registered workers, proceeds of the statutory cess under the Building and Other Construction Workers Welfare Cess Act, and interest on bank deposits. The exemption is subject to conditions that the board not undertake commercial activities, maintain the same activity and income character across financial years, and file returns as required by clause (g) of section 139(4C). The notification applies to financial years 2025-26 through 2029-30 (assessment years 2026-27 to 2030-31) and is given retrospective effect with certification of no adverse impact.
A central government notification under section 10(46) of the Income-tax Act grants tax exemption to a state-constituted building and construction workers' welfare board for specified income: registration fees and annual subscriptions from registered workers, proceeds of the statutory cess under the Building and Other Construction Workers Welfare Cess Act, and interest on bank deposits. The exemption is subject to conditions that the board not undertake commercial activities, maintain the same activity and income character across financial years, and file returns as required by clause (g) of section 139(4C). The notification applies to financial years 2025-26 through 2029-30 (assessment years 2026-27 to 2030-31) and is given retrospective effect with certification of no adverse impact.
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