Specification of institution status empowers central government to designate nationally or state-important institutions for tax-rule application. An amendment to the Income-tax Rules inserts clause (viia) into rule 2BA authorising the Central Government to specify by notification in the Official Gazette those institutions that qualify as having importance throughout India or in any State or States for purposes of the tax rules; the amendment is made under the powers conferred by the Income-tax Act and comes into force on publication in the Official Gazette.
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.
Specification of institution status empowers central government to designate nationally or state-important institutions for tax-rule application.
An amendment to the Income-tax Rules inserts clause (viia) into rule 2BA authorising the Central Government to specify by notification in the Official Gazette those institutions that qualify as having importance throughout India or in any State or States for purposes of the tax rules; the amendment is made under the powers conferred by the Income-tax Act and comes into force on publication in the Official Gazette.
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