Penny-stock additions require transaction-specific evidence; general investigation material alone cannot establish undisclosed income or accommodation...
Transfer pricing comparability prioritises reliable external CUPs and foreign-currency LIBOR benchmarks for exports, borrowings and delayed receivable...
Section 153C satisfaction and seized electronic records sustained unexplained-investment addition, subject to proportionate ownership-share verificati...
This circular modifies the timelines for Credit Rating Agencies (CRAs) regarding communication of ratings to issuers, handling appeals, and dissemination of press releases after periodic surveillance. It mandates CRAs to communicate ratings within 1 working day, allow 3 working days for issuers to appeal, and disseminate press releases within 7 working days of the rating committee meeting. It clarifies the duration for maintaining certain disclosures on websites while requiring records for 10 years. The changes aim to promote ease of doing business and uniformity in appeals. The circular is applicable from August 1, 2024, and compliance will be monitored through internal audits mandated by regulations.
This circular modifies the timelines for Credit Rating Agencies (CRAs) regarding communication of ratings to issuers, handling appeals, and dissemination of press releases after periodic surveillance. It mandates CRAs to communicate ratings within 1 working day, allow 3 working days for issuers to appeal, and disseminate press releases within 7 working days of the rating committee meeting. It clarifies the duration for maintaining certain disclosures on websites while requiring records for 10 years. The changes aim to promote ease of doing business and uniformity in appeals. The circular is applicable from August 1, 2024, and compliance will be monitored through internal audits mandated by regulations.
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