Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
The Central Government specifies the New Development Bank as a public financial institution for the purposes of section 2(11)(ii) of the Companies Act, 2013. The notification covers the bank established under the 15 July 2014 Fortaleza agreement among Brazil, Russia, India, China and South Africa, including its Annexe, and extends to any amendment to that agreement. The operative effect is that the New Development Bank is brought within the statutory category of public financial institution for the purposes of the said provision.
The Central Government specifies the New Development Bank as a public financial institution for the purposes of section 2(11)(ii) of the Companies Act, 2013. The notification covers the bank established under the 15 July 2014 Fortaleza agreement among Brazil, Russia, India, China and South Africa, including its Annexe, and extends to any amendment to that agreement. The operative effect is that the New Development Bank is brought within the statutory category of public financial institution for the purposes of the said provision.
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