Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
RBI issued amendments to FEMA compounding directions, introducing a new provision capping the maximum compounding amount at INR 200,000 per contravention for specific regulatory violations. The amendment allows compounding authorities discretionary power to impose reduced penalties based on exceptional circumstances, nature of contravention, and broader public interest considerations. The modification applies to existing Master Directions on compounding contraventions, enabling more flexible enforcement mechanisms while maintaining regulatory oversight under FEMA, 1999. The circular provides guidance to Authorized Dealer Category-I banks and authorized banks for implementing these revised compounding guidelines.
RBI issued amendments to FEMA compounding directions, introducing a new provision capping the maximum compounding amount at INR 200,000 per contravention for specific regulatory violations. The amendment allows compounding authorities discretionary power to impose reduced penalties based on exceptional circumstances, nature of contravention, and broader public interest considerations. The modification applies to existing Master Directions on compounding contraventions, enabling more flexible enforcement mechanisms while maintaining regulatory oversight under FEMA, 1999. The circular provides guidance to Authorized Dealer Category-I banks and authorized banks for implementing these revised compounding guidelines.
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