Preliminary reassessment proceedings generally require statutory remedies unless jurisdiction is wholly absent or mandatory conditions are patently br...
Agricultural land classification requires cumulative factual indicators, while industrial-purpose land and absent agricultural use defeat reinvestment...
Composite residential flat exemption upheld where supplementary agreement merged adjoining units and additional evidence supported the taxpayer's inve...
Notification declares Barnala Improvement Trust an authority for purposes of clause (46A) of section 10 of the Income-tax Act, entitling specified income to tax exemption; operative effect is from assessment year 2024-25, conditional on continued status as a local authority under the Punjab Town Improvement Act, 1922 and carrying one or more purposes listed in sub-clause (a) of clause (46A). The notification is accompanied by a certification that retrospective effect (from the year of application) does not adversely affect any person.
Notification declares Barnala Improvement Trust an authority for purposes of clause (46A) of section 10 of the Income-tax Act, entitling specified income to tax exemption; operative effect is from assessment year 2024-25, conditional on continued status as a local authority under the Punjab Town Improvement Act, 1922 and carrying one or more purposes listed in sub-clause (a) of clause (46A). The notification is accompanied by a certification that retrospective effect (from the year of application) does not adversely affect any person.
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