International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
Notifies the Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi) as an eligible authority for the purposes of section 10(46A) of the Income-tax Act, 1961, thereby bringing its specified income within the statutory tax exemption available under that provision. The notification applies from assessment year 2024-25 and operates only so long as the authority continues to be constituted under the Electricity Act, 2003 and continues to have one or more of the purposes specified in section 10(46A)(a); failure to satisfy these conditions discontinues the exemption for the specified income.
Notifies the Joint Electricity Regulatory Commission (for the State of Goa and Union Territories except Delhi) as an eligible authority for the purposes of section 10(46A) of the Income-tax Act, 1961, thereby bringing its specified income within the statutory tax exemption available under that provision. The notification applies from assessment year 2024-25 and operates only so long as the authority continues to be constituted under the Electricity Act, 2003 and continues to have one or more of the purposes specified in section 10(46A)(a); failure to satisfy these conditions discontinues the exemption for the specified income.
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