Furnishing of information or documents: Indian concerns must supply prescribed records when foreign share value derives substantially from Indian assets. Where a foreign company or entity's shares derive substantial value from assets located in India and those assets are held, directly or indirectly, through an Indian concern, that Indian concern must furnish prescribed information or documents to the prescribed income-tax authority within the prescribed period and manner for purposes of determining income accruing or arising in India under the relevant provision concerning income from transferable assets.
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.
Furnishing of information or documents: Indian concerns must supply prescribed records when foreign share value derives substantially from Indian assets.
Where a foreign company or entity's shares derive substantial value from assets located in India and those assets are held, directly or indirectly, through an Indian concern, that Indian concern must furnish prescribed information or documents to the prescribed income-tax authority within the prescribed period and manner for purposes of determining income accruing or arising in India under the relevant provision concerning income from transferable assets.
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