Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
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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