Tax exemption for regulatory authority: specified income exempt if no commercial activity and prescribed return filing conditions met. Notification grants exemption to Real Estate Regulatory Authority, New Delhi for specified income: government grants/loans, fees and penalties from builders/developers/agents and interest on those amounts, subject to conditions that the Authority shall not engage in commercial activity, its activities and nature of specified income remain unchanged, and it files returns as prescribed.
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.
Tax exemption for regulatory authority: specified income exempt if no commercial activity and prescribed return filing conditions met.
Notification grants exemption to Real Estate Regulatory Authority, New Delhi for specified income: government grants/loans, fees and penalties from builders/developers/agents and interest on those amounts, subject to conditions that the Authority shall not engage in commercial activity, its activities and nature of specified income remain unchanged, and it files returns as prescribed.
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