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...
Contingency expenses, exempt-income disallowance, and royalty benchmarking: unsupported adjustments were deleted under consistent accounting and trans...
SEBI has modified ESG disclosure requirements to facilitate ease of doing business. The circular introduces an eighth leadership indicator in BRSR for voluntary disclosure of green credits generated by listed entities and their top ten value chain partners, applicable from FY 2024-25. It provides flexibility by allowing either "assessment" or "assurance" for BRSR Core verification, making the process profession-agnostic. ESG disclosures for value chain partners have been deferred by one year, with voluntary reporting for top 250 listed entities from FY 2025-26 and voluntary assessment/assurance from FY 2026-27. The threshold for value chain partners has been revised to those comprising 2% or more of purchases/sales, with disclosure limited to covering 75% of total value.
SEBI has modified ESG disclosure requirements to facilitate ease of doing business. The circular introduces an eighth leadership indicator in BRSR for voluntary disclosure of green credits generated by listed entities and their top ten value chain partners, applicable from FY 2024-25. It provides flexibility by allowing either "assessment" or "assurance" for BRSR Core verification, making the process profession-agnostic. ESG disclosures for value chain partners have been deferred by one year, with voluntary reporting for top 250 listed entities from FY 2025-26 and voluntary assessment/assurance from FY 2026-27. The threshold for value chain partners has been revised to those comprising 2% or more of purchases/sales, with disclosure limited to covering 75% of total value.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4921 
