Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, notifies a development authority constituted under the Ajmer Development Authority Act, 2013 as an eligible assessee for specified income tax exemption. The exemption applies from assessment year 2024-25, conditional on the authority's continued constitution under the 2013 Act and pursuit of one or more purposes listed in section 10(46A)(a). The notification is stated to have retrospective effect without adversely affecting any person. The authority's PAN is recorded, and the notification is issued by the competent officer of the Central Board of Direct Taxes.
The Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, notifies a development authority constituted under the Ajmer Development Authority Act, 2013 as an eligible assessee for specified income tax exemption. The exemption applies from assessment year 2024-25, conditional on the authority's continued constitution under the 2013 Act and pursuit of one or more purposes listed in section 10(46A)(a). The notification is stated to have retrospective effect without adversely affecting any person. The authority's PAN is recorded, and the notification is issued by the competent officer of the Central Board of Direct Taxes.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
