The government notifies a statutory industrial authority under section 10(46A) of the Income-tax Act. The ruling confirms eligibility while making compliance with the parent State Act a continuing condition.
The CBDT notified a statutory development authority for income-tax exemption under Section 10(46A), effective from AY 2025–26, subject to continued statutory functions.
The Central Government notified an urban development authority under section 10(46A) of the Income-tax Act. The exemption applies from AY 2024–25, subject to continued statutory status and specified functions.
The government has notified an electricity regulatory authority as eligible for tax exemption under section 10(46A), clarifying its status as a statutory body and the conditions for continued benefit.
The regulator notified comprehensive 2025 guidelines to govern NPS Vatsalya, detailing eligibility, contributions, investments, and withdrawals for minors. The move clarifies operations and ensures a structured transition to regular NPS on attaining adulthood.
Description: Detailed rules explain eligibility, timelines, and limits for the New Enrolment Incentive. Pension funds must meet the 80% new-subscriber threshold to qualify.
The appellate authority held that assigning zero or indeterminate values to major assets without adequate justification showed lack of due diligence. The matter was remanded for reconsideration with restrictions on future assignments.
The case examined the correct tax rate for a trust formed exclusively for employees’ benefit. The Tribunal held that such trusts are taxable at normal AOP rates under section 164(1)(iv).
The dispute concerned whether reimbursements from an associated enterprise justified a transfer pricing adjustment using the profit split method. The Tribunal set aside the adjustment, directing a fresh FAR analysis before determining ALP.
SEBI extended the start date for additional distributor incentives after industry feedback highlighted system and process readiness issues, shifting implementation to March 1, 2026.
