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Provisions expressly mentioned in the judgment/order text.
CBDT amended Income Tax Rules 1962 requiring non-resident entities with liaison offices in India to file annual statement Form 49C within 8 months from end of financial year. The amended rules introduce comprehensive reporting requirements including details of head office, principal office, employees, group entities, and financial transactions. Form 49C mandates disclosure of liaison activities, employee compensation, agent details, and India-specific financial information. The notification, effective from publication date, aims to enhance transparency in operations of foreign entities' liaison offices by requiring detailed disclosures of their activities, transactions and organizational structure in India.
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