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...
An appeal against the rejection of an application for amendment of a Scheme of Amalgamation, involving a minuscule change in the swap ratio of the Transferor Companies. Precedents were cited where amendments to schemes were allowed, including changes in appointed dates, swap ratios, and exclusion of companies from the merger. The proposed modification would not require additional approvals under FEMA regulations. Sustaining the impugned order would necessitate remodifying the scheme and undertaking lengthy compliances for the third time. Consequently, the Appellate Tribunal allowed the appeal and set aside the impugned order rejecting the amendment.
An appeal against the rejection of an application for amendment of a Scheme of Amalgamation, involving a minuscule change in the swap ratio of the Transferor Companies. Precedents were cited where amendments to schemes were allowed, including changes in appointed dates, swap ratios, and exclusion of companies from the merger. The proposed modification would not require additional approvals under FEMA regulations. Sustaining the impugned order would necessitate remodifying the scheme and undertaking lengthy compliances for the third time. Consequently, the Appellate Tribunal allowed the appeal and set aside the impugned order rejecting the amendment.
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