Service permanent establishment requires non-auxiliary services, while arm's-length distributor remuneration precludes further profit attribution in I...
Make-available condition excludes standard SaaS subscription receipts where customers receive no independently usable technical knowledge after subscr...
Anonymous donation classification fails where charitable trusts maintain undisputed donor identity records and evidence corpus contributions' intended...
Transfer pricing method selection favours TNMM where medical-equipment distribution involves substantial post-import value addition and operational ri...
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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