The government has notified a statutory board for income tax exemption under Section 10(46A). The benefit applies from AY 2027–28 subject to conditions.
The government grants tax exemption on specified income to an education board. The benefit is subject to strict compliance conditions and filing requirements.
The government has notified a statutory trust for income tax exemption under Section 10(46A). The benefit applies from AY 2025–26 subject to conditions.
The government notifies a statutory authority as eligible for income tax exemption. The benefit applies from AY 2025–26 subject to specified conditions.
The notification extends exclusive import rights for urea to a designated agency until 2027. It ensures continuity in regulated procurement under existing policy conditions.
The issue was whether SBO exists without majority shareholding. The authority held that control and influence also determine SBO, making non-disclosure a violation.
The issue involved the ₹10 lakh per-consignment cap on courier exports. The notification removes this restriction, allowing exporters to send goods of any value through courier mode from April 1, 2026.
The direction requires entities to obtain LEI codes for participating in RBI-regulated financial markets. Non-compliance results in ineligibility for transactions. Key takeaway: LEI is now essential for market participation.
The authority penalized directors for executing related party transactions without fresh or valid approvals. It held that reliance on outdated resolutions violates Section 188. The ruling stresses strict approval requirements.
The issue involved non-appointment of an internal auditor despite meeting turnover criteria. The authority held that failure to comply attracts penalty under Section 450.
