Tax exemption for specified authority income under statutory provision, subject to non-commercial and filing conditions. Notification exempts specified income of the Real Estate Regulatory Authority, Jaipur-government grants/loans, fees and penalties under the Real Estate (Regulation and Development) Act, 2016, and interest on those receipts-under clause (46) of section 10. The exemption is conditional on no commercial activity, unchanged character of activities and income, and filing returns per clause (g) of sub-section (4C) of section 139; it is applied retrospectively and to specified future 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 for specified authority income under statutory provision, subject to non-commercial and filing conditions.
Notification exempts specified income of the Real Estate Regulatory Authority, Jaipur-government grants/loans, fees and penalties under the Real Estate (Regulation and Development) Act, 2016, and interest on those receipts-under clause (46) of section 10. The exemption is conditional on no commercial activity, unchanged character of activities and income, and filing returns per clause (g) of sub-section (4C) of section 139; it is applied retrospectively and to specified future assessment years.
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