Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
An institute was accorded approval under section 35(1)(iia) of the Income-tax Act, 1961 read with Rule 5F of the Income-tax Rules, 1962, for carrying out scientific research, by the Principal Chief Commissioner of Income Tax (Exemptions). The notification grants this approval retrospectively and is effective for five assessment years, A.Y. 2022-23 through A.Y. 2026-27. The explanatory memorandum certifies that no person is adversely affected by granting retrospective effect.
An institute was accorded approval under section 35(1)(iia) of the Income-tax Act, 1961 read with Rule 5F of the Income-tax Rules, 1962, for carrying out scientific research, by the Principal Chief Commissioner of Income Tax (Exemptions). The notification grants this approval retrospectively and is effective for five assessment years, A.Y. 2022-23 through A.Y. 2026-27. The explanatory memorandum certifies that no person is adversely affected by granting retrospective effect.
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