Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
The Central Government approved The Ahmedabad University, Ahmedabad, Gujarat, for scientific research as a university or other institution under section 35(1)(ii) of the Income-tax Act, 1961 read with Rules 5C and 5E. The approval applies for assessment years 2026-27 to 2030-31, subject to compliance with Rule 5E and the reporting and certification requirements under Rule 18AB. The institution must furnish the annual statement in Form 10BD by 31 May following the financial year of receipt, may file correction statements to rectify or update details, and must issue donors a certificate in Form 10BE specifying the donation amount within the prescribed time.
The Central Government approved The Ahmedabad University, Ahmedabad, Gujarat, for scientific research as a university or other institution under section 35(1)(ii) of the Income-tax Act, 1961 read with Rules 5C and 5E. The approval applies for assessment years 2026-27 to 2030-31, subject to compliance with Rule 5E and the reporting and certification requirements under Rule 18AB. The institution must furnish the annual statement in Form 10BD by 31 May following the financial year of receipt, may file correction statements to rectify or update details, and must issue donors a certificate in Form 10BE specifying the donation amount within the prescribed time.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
