Centralised assessment transfers after searches coordinate connected investigations without finally determining the assessee's tax liability or assess...
Unsigned third-party records cannot establish on-money payments without corroboration and cross-examination, requiring deletion of the related additio...
Authorised Dealer Category-I banks are no longer required to submit annual lists of offices or branches maintaining Rupee accounts of non-resident banks, or report temporary overdrawals by overseas branches or correspondents exceeding permissible limits where unadjusted within five days. These reporting requirements are dispensed with immediate effect, reducing periodic and event-based reporting obligations for accounts of non-resident banks. Any permissions or approvals required under other applicable laws remain unaffected.
Authorised Dealer Category-I banks are no longer required to submit annual lists of offices or branches maintaining Rupee accounts of non-resident banks, or report temporary overdrawals by overseas branches or correspondents exceeding permissible limits where unadjusted within five days. These reporting requirements are dispensed with immediate effect, reducing periodic and event-based reporting obligations for accounts of non-resident banks. Any permissions or approvals required under other applicable laws remain unaffected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
