Defined public benefit can retain charitable character; registration renewal requires examining genuine activities and legal compliance, not surplus a...
Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
The circular amends provisions related to review of investor complaint statements and timelines for disclosure of deviation statements by Infrastructure Investment Trusts (InvITs). For investor complaints, prior review by Investment Manager's Board is replaced with quarterly placement before Board/Trustee. For deviation statements, submission timeline to stock exchanges is aligned with financial results submission instead of fixed 21-day period. These changes aim to promote ease of doing business while ensuring investor protection through timely redressal and disclosure.
The circular amends provisions related to review of investor complaint statements and timelines for disclosure of deviation statements by Infrastructure Investment Trusts (InvITs). For investor complaints, prior review by Investment Manager's Board is replaced with quarterly placement before Board/Trustee. For deviation statements, submission timeline to stock exchanges is aligned with financial results submission instead of fixed 21-day period. These changes aim to promote ease of doing business while ensuring investor protection through timely redressal and disclosure.
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