Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
SEBI amended Alternative Investment Funds (AIF) Regulations: Category I and II AIFs can't leverage for investments except temporary borrowing up to 30 days, 4 times yearly, capped at 10% investable funds. Encumbrance on equity of infrastructure investees permitted for their borrowing. Large value funds for accredited investors can extend tenure up to 5 years with 2/3rd unitholders' approval. Existing schemes' tenure extension subject to conditions.
SEBI amended Alternative Investment Funds (AIF) Regulations: Category I and II AIFs can't leverage for investments except temporary borrowing up to 30 days, 4 times yearly, capped at 10% investable funds. Encumbrance on equity of infrastructure investees permitted for their borrowing. Large value funds for accredited investors can extend tenure up to 5 years with 2/3rd unitholders' approval. Existing schemes' tenure extension subject to conditions.
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