Refund claim dismissed as time-barred under s.142(5); non-obstante clause read restrictively, merits not decided, self-assessment payments not mere de...
Assessee's project-completion revenue recognition upheld; income addition deleted under Guidance Note/AS-9 and percentage-completion rules as complian...
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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