Tax exemption under section 10(46) granted with conditions for an authority's specified income and retrospective applicability. Notification under section 10(46) exempts specified incomes of Baddi Barotiwala Nalagarh Development Authority-grants from central and state governments, revenue under HP Town and Planning Act, and interest on bank deposits-subject to conditions prohibiting commercial activity, maintaining unchanged activity and income character, and filing returns as per clause (g) of sub-section (4C) of section 139; the notification is applied retrospectively to specified assessment years.
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 under section 10(46) granted with conditions for an authority's specified income and retrospective applicability.
Notification under section 10(46) exempts specified incomes of Baddi Barotiwala Nalagarh Development Authority-grants from central and state governments, revenue under HP Town and Planning Act, and interest on bank deposits-subject to conditions prohibiting commercial activity, maintaining unchanged activity and income character, and filing returns as per clause (g) of sub-section (4C) of section 139; the notification is applied retrospectively to specified assessment years.
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