Eligible Investment Fund definition expanded to include funds established in notified foreign jurisdictions and residency restriction removed. The amendment broadens the definition of eligible investment fund to include funds that 'are established or incorporated or registered' in countries or specified territories notified by the Central Government, and deletes the express residency-related phrase that prohibited an eligible fund from carrying on or controlling and managing any business from India; the changes apply from the stated fiscal implementation date to the relevant assessment year and subsequent years.
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.
Eligible Investment Fund definition expanded to include funds established in notified foreign jurisdictions and residency restriction removed.
The amendment broadens the definition of eligible investment fund to include funds that "are established or incorporated or registered" in countries or specified territories notified by the Central Government, and deletes the express residency-related phrase that prohibited an eligible fund from carrying on or controlling and managing any business from India; the changes apply from the stated fiscal implementation date to the relevant assessment year and subsequent years.
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