Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
Allocation of enhanced FSI/TDR proceeds between cooperative society and individual flat-owners; tribunal deletes society LTCG addition, remits 80P ver...
Notifies New Okhla Industrial Development Authority for purposes of section 10(46) of the Income-tax Act, 1961, specifying eligible income as: State Government grants; receipts from disposal of land, buildings, and other movable/immovable property; rental receipts from such property; interest and dividend; and fees, tolls, and charges received under the Uttar Pradesh Industrial Area Development Act, 1976. The exemption is conditional on the authority not engaging in any commercial activity, maintaining unchanged activities and the nature of specified income throughout the relevant financial years, and filing its return of income under section 139(4C)(g). The notification is deemed applicable for assessment years 2012-13 to 2015-16 (financial years 2011-12 to 2014-15).
Notifies New Okhla Industrial Development Authority for purposes of section 10(46) of the Income-tax Act, 1961, specifying eligible income as: State Government grants; receipts from disposal of land, buildings, and other movable/immovable property; rental receipts from such property; interest and dividend; and fees, tolls, and charges received under the Uttar Pradesh Industrial Area Development Act, 1976. The exemption is conditional on the authority not engaging in any commercial activity, maintaining unchanged activities and the nature of specified income throughout the relevant financial years, and filing its return of income under section 139(4C)(g). The notification is deemed applicable for assessment years 2012-13 to 2015-16 (financial years 2011-12 to 2014-15).
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