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...
Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, notifies a state development authority constituted under the Punjab Regional and Town Planning and Development Act, 1995, as eligible for tax exemption on specified income under clause (46A). The exemption is effective from assessment year 2024-25, conditional upon the authority's continued constitution under the 1995 Act and its pursuit of one or more purposes specified in section 10(46A)(a). An explanatory memorandum certifies that no person is adversely affected by the notification's retrospective effect.
Central Government, exercising powers under section 10(46A)(b) of the Income-tax Act, 1961, notifies a state development authority constituted under the Punjab Regional and Town Planning and Development Act, 1995, as eligible for tax exemption on specified income under clause (46A). The exemption is effective from assessment year 2024-25, conditional upon the authority's continued constitution under the 1995 Act and its pursuit of one or more purposes specified in section 10(46A)(a). An explanatory memorandum certifies that no person is adversely affected by the notification's retrospective effect.
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