Commercial vehicle depreciation, scientifically determined warranty provisions and exempt-income disallowances were resolved in favour of the taxpayer...
Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The SEBI issued a circular, addressing amendments to the disclosure requirements for Foreign Portfolio Investors (FPIs). - In addition to the criteria outlined in the previous circular, an FPI with over 50% of its Indian equity Assets Under Management (AUM) within a corporate group is exempt from additional disclosure requirements subject to certain conditions. - Custodians and depositories are tasked with tracking the utilization of the 3% limit for apex companies without identified promoters on a daily basis. Public disclosure of breaches or meeting this limit is required before the start of trading the next day. - See the circular for further conditions and instructions.
The SEBI issued a circular, addressing amendments to the disclosure requirements for Foreign Portfolio Investors (FPIs). - In addition to the criteria outlined in the previous circular, an FPI with over 50% of its Indian equity Assets Under Management (AUM) within a corporate group is exempt from additional disclosure requirements subject to certain conditions. - Custodians and depositories are tasked with tracking the utilization of the 3% limit for apex companies without identified promoters on a daily basis. Public disclosure of breaches or meeting this limit is required before the start of trading the next day. - See the circular for further conditions and instructions.
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