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...
The MHA issued a public notice extending FCRA registration certificates' validity for entities with pending renewal applications. Certificates expiring between 01.04.2025 and 30.06.2025 will remain valid until 30.06.2025 or until renewal application disposal. Associations whose renewal is refused will have their certificate deemed expired on refusal date, rendering them ineligible to receive or utilize foreign contributions. The extension applies to previously extended registrations and those nearing expiration, providing temporary relief and continuity for FCRA-registered entities during the renewal process.
The MHA issued a public notice extending FCRA registration certificates' validity for entities with pending renewal applications. Certificates expiring between 01.04.2025 and 30.06.2025 will remain valid until 30.06.2025 or until renewal application disposal. Associations whose renewal is refused will have their certificate deemed expired on refusal date, rendering them ineligible to receive or utilize foreign contributions. The extension applies to previously extended registrations and those nearing expiration, providing temporary relief and continuity for FCRA-registered entities during the renewal process.
Note: It is a system-generated summary and is for quick reference only.