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...
SEBI has extended the implementation timeline for Industry Standards on "Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction" from April 1, 2025, to July 1, 2025. This extension follows stakeholder feedback requesting additional time. The Industry Standards Forum, comprising representatives from ASSOCHAM, CII, and FICCI, will consider feedback to simplify the standards in time for the revised deadline. The circular was issued under Section 11(1) and 11A of the SEBI Act, 1992, read with regulation 101 of LODR Regulations.
SEBI has extended the implementation timeline for Industry Standards on "Minimum information to be provided for review of the audit committee and shareholders for approval of a related party transaction" from April 1, 2025, to July 1, 2025. This extension follows stakeholder feedback requesting additional time. The Industry Standards Forum, comprising representatives from ASSOCHAM, CII, and FICCI, will consider feedback to simplify the standards in time for the revised deadline. The circular was issued under Section 11(1) and 11A of the SEBI Act, 1992, read with regulation 101 of LODR Regulations.
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