Drawings/designs supply and erection supervision fees from German contractor: designs non-taxable; supervision taxed as FTS/PE depending on six-month ...
Imported analyser diagnostic cartridges treated as accessories with analyser system, not standalone diagnostic reagents; extended limitation and penal...
Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
The Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, grants specified income tax exemption to a state Real Estate Regulatory Authority constituted under the Real Estate (Regulation and Development) Act, 2016. The authority, identified as the assessee, is notified for exemption with effect from assessment year 2025-26, conditional on its continued status as an authority under the 2016 Act and pursuit of one or more purposes listed in section 10(46A)(a). The notification clarifies that the retrospective application does not adversely affect any person.
The Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, grants specified income tax exemption to a state Real Estate Regulatory Authority constituted under the Real Estate (Regulation and Development) Act, 2016. The authority, identified as the assessee, is notified for exemption with effect from assessment year 2025-26, conditional on its continued status as an authority under the 2016 Act and pursuit of one or more purposes listed in section 10(46A)(a). The notification clarifies that the retrospective application does not adversely affect any person.
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