Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Exemption u/s 10(20A) - Delhi metro - the assessee failed to ...


Delhi Metro Entity Denied Tax Exemption u/s 10(20A) for Not Being an Authority Constituted by Law.

July 10, 2019

Case Laws     Income Tax     AT

Exemption u/s 10(20A) - Delhi metro - the assessee failed to satisfy the condition of “authority constituted by under any Central, State of Provincial Act”, it is merely registered or incorporated under the Companies Act, 1956 - no exemption

View Source

 


 

You may also like:

  1. Exemption u/s 10(26) - Exemption to individual members of Scheduled Tribes - Whether a partnership firm, formed by individual partners who are entitled to an exemption...

  2. Grant of approval for exemption u/s.10(23C)(vi) - AOP - Since the AOP is recognised as a "person" for the purpose of Income Tax Act, 1961 and Section 10(23C) of the Act...

  3. Eligibility for exemption u/s 11 - Section 2(15) and the corresponding sections including Sections 11, 12, 12A and 12AA are independent of Section 10(20A) of the Act....

  4. Assessee's claim for exemption u/s 10(35) was rejected by CPC while processing return u/s 143(1)(a), which attained finality as assessee failed to challenge it before...

  5. Exemption u/s 10(23BBA) - Exemption from income-tax in the case of statutory bodies or authorities for the administration of public religious or charitable trusts or...

  6. Section 10(10AA) of the Income Tax Act provides tax exemption for leave encashment upon retirement for Central/State government employees and employees other than...

  7. Exemption u/s 10(23C)(vi) denied - exemption u/s 11 and 12 denied - the exemption u/s 11 and 12 of the Act cannot be denied only on the basis of rejection of application...

  8. The High Court addressed the issue of exemption u/s 10(25)(iii) of the Income Tax Act. The Assessing Officer denied the exemption to the assessee fund, claiming it lost...

  9. Gratuity exemption u/s Section 10(10)(iii) - exemption limit raised to ₹ 25 lakhs

  10. ITAT adjudicated a complex tax dispute involving a life insurance entity's income classification. The tribunal consistently upheld the assessee's position that...

  11. Whether the press release of 01.10.2009 announcing modifications to the Mega Power Policy 2006 constitutes a 'Change in Law' under Article 13 of the Power Purchase...

  12. Exemption u/s 10(10CC) - Whether tax paid by the employer on the salaries of the employees would constitute non-monetary benefits exempt u/s 10(10CC) - HC

  13. The Income Tax Appellate Tribunal held that the denial of exemption u/s 10(23C)(iiiab) for late filing of the income tax return beyond the time specified u/s 139(1) or...

  14. The Central Government notified the Prayagraj Mela Pradhikaran as an exempt entity under Section 10(46A) of the Income-tax Act, 1961. The exemption is effective from the...

  15. Refund claim - Benefit of exemption - the product under dispute fell both under for Sl No.20 and Sl No.20A during the period under question. - This is rather a case of...

 

Quick Updates:Latest Updates