Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
The Core Settlement Guarantee Fund set up by AMC Repo Clearing Limited is notified for the purposes of section 10(23EE) of the Income-tax Act, 1961 in relation to the specified income described in Explanation (iii) to that clause for assessment year 2024-25 and subsequent assessment years, thereby enabling such specified income to be excluded from total income to the extent permitted by section 10(23EE). The notification is operative only if the fund continues to comply with section 10(23EE) conditions, including filing its return of income under section 139(4C) and AMC Repo Clearing Limited remaining recognised as a clearing corporation by SEBI.
The Core Settlement Guarantee Fund set up by AMC Repo Clearing Limited is notified for the purposes of section 10(23EE) of the Income-tax Act, 1961 in relation to the specified income described in Explanation (iii) to that clause for assessment year 2024-25 and subsequent assessment years, thereby enabling such specified income to be excluded from total income to the extent permitted by section 10(23EE). The notification is operative only if the fund continues to comply with section 10(23EE) conditions, including filing its return of income under section 139(4C) and AMC Repo Clearing Limited remaining recognised as a clearing corporation by SEBI.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
