Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
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Interest or income from a depository's IPF must now be substantially retained in the fund: at least 95% received every year is to be ploughed back to IPF, while up to 5% may be used for dedicated IPF staff, administrative and statutory expenses such as taxes and audit fees. Any excess expenditure beyond that cap must be borne by the depository, and any unutilised amount in the same financial year must be returned to IPF. The revised norms apply from 1 September 2026, and depositories must update systems, amend bye-laws and inform market participants.
Interest or income from a depository's IPF must now be substantially retained in the fund: at least 95% received every year is to be ploughed back to IPF, while up to 5% may be used for dedicated IPF staff, administrative and statutory expenses such as taxes and audit fees. Any excess expenditure beyond that cap must be borne by the depository, and any unutilised amount in the same financial year must be returned to IPF. The revised norms apply from 1 September 2026, and depositories must update systems, amend bye-laws and inform market participants.
Note: It is a system-generated summary and is for quick reference only.