Appeal allowed; impugned order quashed as regulator failed to prove nexus or manipulative scheme; sale genuine - s.12A(a)-(c), Regs 3(a)-(d),4(1),4(2)...
Appellant's ring-back tone service held OIDAR, taxable domestically for 01.07.2012-31.07.2016; liability confirmed, penalties vacated, remanded for re...
Central Government, exercising powers under section 10(46) of the Income-tax Act, 1961, grants tax exemption to a state pollution control board in Odisha on specified categories of income. Exempt income includes statutory consent and authorization fees, penalties and levies, government grant-in-aid (including when acting as nodal agency), contributions for environmental studies and research, miscellaneous statutory-related receipts, and interest earned on these amounts. The exemption is conditional on the board not engaging in commercial activities, maintaining the same nature of activities and income, and filing returns under section 139(4C)(g). The notification applies retrospectively from FY 2023-24 through FY 2027-28.
Central Government, exercising powers under section 10(46) of the Income-tax Act, 1961, grants tax exemption to a state pollution control board in Odisha on specified categories of income. Exempt income includes statutory consent and authorization fees, penalties and levies, government grant-in-aid (including when acting as nodal agency), contributions for environmental studies and research, miscellaneous statutory-related receipts, and interest earned on these amounts. The exemption is conditional on the board not engaging in commercial activities, maintaining the same nature of activities and income, and filing returns under section 139(4C)(g). The notification applies retrospectively from FY 2023-24 through FY 2027-28.
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