Grant scope expanded to include Government, Local Bodies and Other Government Agencies, broadening notified grant coverage under tax rules. Corrigendum to Notification No. 48/2018 substitutes 'Grant received from state government' with 'Grant received from Government, Local Bodies and Other Government Agencies,' thereby broadening the category of public entities whose grants are encompassed by the notification for income tax purposes.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Grant scope expanded to include Government, Local Bodies and Other Government Agencies, broadening notified grant coverage under tax rules.
Corrigendum to Notification No. 48/2018 substitutes "Grant received from state government" with "Grant received from Government, Local Bodies and Other Government Agencies," thereby broadening the category of public entities whose grants are encompassed by the notification for income tax purposes.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.