Transfer pricing requires evidence for AMP transactions, functionally reliable comparables, and appropriate aggregation or Berry Ratio benchmarking me...
Revisionary jurisdiction cannot reopen share capital assessments where adequate inquiry supports a permissible view and no independent error is establ...
Reassessment jurisdiction fails where unverified portal information is aggregated without examining the taxpayer's explanation or relevance of entries...
Statutory sanction for delayed reassessment requires approval from the prescribed authority; approval by an inferior authority invalidates jurisdictio...
Transfer pricing margin adjustments require matching treatment of non-operating income and related costs, with comparability issues reconsidered on ev...
Preliminary-expense amortisation and MAT exempt-income adjustments prevailed, while trademark costs and managerial remuneration require fresh verifica...
Export valuation requires contemporaneous evidence; unrelated invoices cannot prove overvaluation, and dual penalties on firm and partner are impermis...
SEBI has modified nomination norms for demat accounts and mutual fund folios to simplify investor on-boarding and the nomination process. For single accounts opened on or after the implementation date, nomination is mandatory unless the investor submits an opt-out declaration; nomination remains optional for jointly held accounts, but any addition or change requires the consent of all joint holders. Investors may appoint up to three nominees, choose online or offline submission, and provide only mandatory particulars while optional details may be furnished at their choice. Regulated entities must keep the nomination facility, acknowledgements, statement disclosures, and nudges for non-nominated accounts. The circular applies from 1 September 2026 and supersedes earlier nomination circulars.
SEBI has modified nomination norms for demat accounts and mutual fund folios to simplify investor on-boarding and the nomination process. For single accounts opened on or after the implementation date, nomination is mandatory unless the investor submits an opt-out declaration; nomination remains optional for jointly held accounts, but any addition or change requires the consent of all joint holders. Investors may appoint up to three nominees, choose online or offline submission, and provide only mandatory particulars while optional details may be furnished at their choice. Regulated entities must keep the nomination facility, acknowledgements, statement disclosures, and nudges for non-nominated accounts. The circular applies from 1 September 2026 and supersedes earlier nomination circulars.
Note: It is a system-generated summary and is for quick reference only.
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