Pre-amendment reassessment limitation bars late notices under the preserved regime, invalidating consequential reassessment for affected earlier asses...
Cash-sales explanations for bank deposits require documentary reconciliation; reassessment notice survived where effective response time was available...
Functional comparability in transfer pricing prevents ad hoc arm's length adjustments where functions, assets, risks and reliable comparables are unes...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
SEBI has directed that valuation of Additional Tier 1 Bonds (AT-1 Bonds) by Mutual Funds shall be based on Yield to Call, aligning with NFRA's recommendation for market-based measurement under Ind AS 113. For other purposes, deemed maturity of perpetual bonds shall continue as per existing guidelines to capture liquidity risk. The circular aims to protect investor interests and regulate securities market.
SEBI has directed that valuation of Additional Tier 1 Bonds (AT-1 Bonds) by Mutual Funds shall be based on Yield to Call, aligning with NFRA's recommendation for market-based measurement under Ind AS 113. For other purposes, deemed maturity of perpetual bonds shall continue as per existing guidelines to capture liquidity risk. The circular aims to protect investor interests and regulate securities market.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
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