Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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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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