Eligible investment reporting requires disclosure of receipts, deployment, income attribution, and reconciliation under the prescribed form. Form No. 177 requires disclosure of eligible investments received from a specified person or eligible Alternative Investment Fund, together with the assessee's particulars, balances, receipts, returns and closing figures. It also requires reporting of all investments made out of those funds, including the nature of investment, details of the investee entity, amounts invested or liquidated, income earned, the portion attributable to the specified person or eligible Alternative Investment Fund, and the entity's PAN. Separate disclosure is prescribed for investments received but not covered in the main schedule, along with reconciliation notes and a declaration of truthfulness and competence to verify.
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Provisions expressly mentioned in the judgment/order text.
Eligible investment reporting requires disclosure of receipts, deployment, income attribution, and reconciliation under the prescribed form.
Form No. 177 requires disclosure of eligible investments received from a specified person or eligible Alternative Investment Fund, together with the assessee's particulars, balances, receipts, returns and closing figures. It also requires reporting of all investments made out of those funds, including the nature of investment, details of the investee entity, amounts invested or liquidated, income earned, the portion attributable to the specified person or eligible Alternative Investment Fund, and the entity's PAN. Separate disclosure is prescribed for investments received but not covered in the main schedule, along with reconciliation notes and a declaration of truthfulness and competence to verify.
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