Allocation of registration charges: contractual clause overriding statutory presumption allowed as deduction against capital gain after unrebutted doc...
Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
The FEMA (Non-debt Instruments) (Third Amendment) Rules, 2026 expand the relevant investment and transfer permissions from NRIs/OCIs to any individual person resident outside India, while retaining repatriation-based dealings in listed Indian companies and related securities. The amendment also revises Chapter V headings and Schedule III to align the framework with this broader category, subject to existing schedule conditions, Government approval for sensitive sectors, and additional approval where ownership or control would pass to entities or citizens of land-border countries or their beneficial owners. It also tightens portfolio holding limits, requires divestment or reclassification to FDI on breach of the ten per cent cap, and clarifies that interim breach is not a contravention if cured within the prescribed time.
The FEMA (Non-debt Instruments) (Third Amendment) Rules, 2026 expand the relevant investment and transfer permissions from NRIs/OCIs to any individual person resident outside India, while retaining repatriation-based dealings in listed Indian companies and related securities. The amendment also revises Chapter V headings and Schedule III to align the framework with this broader category, subject to existing schedule conditions, Government approval for sensitive sectors, and additional approval where ownership or control would pass to entities or citizens of land-border countries or their beneficial owners. It also tightens portfolio holding limits, requires divestment or reclassification to FDI on breach of the ten per cent cap, and clarifies that interim breach is not a contravention if cured within the prescribed time.
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