Defective return notices to FIIs/FPIs clarified: not defective if SEBI registration, no PE in India, required information provided. Clarification provides that returns of FIIs/FPIs will not be treated as defective under section 139(9) where the FII/FPI is registered with SEBI, has no Permanent Establishment/place of business in India, and has furnished the basic information required under section 139(9)(f) if there is business income; processing for returns with SEBI registration numbers is being undertaken at CPC Bengaluru, and FIIs/FPIs for earlier years may supply such details via the Income-tax Department e-filing portal in response to prior notices.
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.
Defective return notices to FIIs/FPIs clarified: not defective if SEBI registration, no PE in India, required information provided.
Clarification provides that returns of FIIs/FPIs will not be treated as defective under section 139(9) where the FII/FPI is registered with SEBI, has no Permanent Establishment/place of business in India, and has furnished the basic information required under section 139(9)(f) if there is business income; processing for returns with SEBI registration numbers is being undertaken at CPC Bengaluru, and FIIs/FPIs for earlier years may supply such details via the Income-tax Department e-filing portal in response to prior notices.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
