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...
Indian regulatory authorities issued a clarification permitting bonus share issuance by Indian companies in FDI-prohibited sectors to existing non-resident shareholders, contingent upon maintaining identical pre-existing shareholding proportions. The directive mandates strict compliance with applicable regulatory frameworks and becomes effective upon corresponding FEMA notification issuance. The policy amendment allows bonus share distribution without altering existing non-resident shareholding patterns, providing clarity for foreign investment structures in restricted sectoral domains.
Indian regulatory authorities issued a clarification permitting bonus share issuance by Indian companies in FDI-prohibited sectors to existing non-resident shareholders, contingent upon maintaining identical pre-existing shareholding proportions. The directive mandates strict compliance with applicable regulatory frameworks and becomes effective upon corresponding FEMA notification issuance. The policy amendment allows bonus share distribution without altering existing non-resident shareholding patterns, providing clarity for foreign investment structures in restricted sectoral domains.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
