https://www.taxtmi.com/highlights?id=92819 The Central Government notified that specified income of a High Court legal services committee constituted under the Legal Services Authorities Act is exempt under section 10(46) of the Income-tax Act: (a) court-imposed costs, (b) grants from central or state governments and government agencies for statutory purposes, and (c) interest on bank deposits. Exemption is subject to conditions: no commercial activity, unchanged activities and income character, and filing returns under section 139(4C)(g). The notification operates retrospectively for assessment years 2023-24 to 2025-26 and applies to 2026-27 and 2027-28; no adverse effects are certified. en-us Wed, 24 Sep 2025 20:43:54 +0530 Wed, 24 Sep 2025 20:43:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92819 The Central Government notified that specified income of a High Court legal services committee constituted under the Legal Services Authorities Act is exempt under section 10(46) of the Income-tax Act: (a) court-imposed costs, (b) grants from central or state governments and government agencies for statutory purposes, and (c) interest on bank deposits. Exemption is subject to conditions: no commercial activity, unchanged activities and income character, and filing returns under section 139(4C)(g). The notification operates retrospectively for assessment years 2023-24 to 2025-26 and applies to 2026-27 and 2027-28; no adverse effects are certified. Highlights Income Tax Wed, 24 Sep 2025 20:43:54 +0530 https://www.taxtmi.com/highlights?id=92819