SEZ-unit profit deduction covers voluntary transfer-pricing adjustments, while exempt-income costs, foreign-exchange loss and ITeS comparables are exa...
Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
The AT rejected the Appellant's review application challenging the reopening of the mutual fund scheme following IL & FS group default. The tribunal found that SEBI, as the regulatory body, had thoroughly examined the matter and confirmed the scheme's reopening was procedurally sound, with necessary approvals and disclosures ensuring investor protection. The tribunal noted the reopening occurred in January 2021, new investors were admitted, and the NAV increased. The tribunal determined that the creation of a segregated portfolio was discretionary for the Asset Management Company, and proceeds would be distributed proportionately among existing investors. Consequently, no grounds were found to set aside the original order.
The AT rejected the Appellant's review application challenging the reopening of the mutual fund scheme following IL & FS group default. The tribunal found that SEBI, as the regulatory body, had thoroughly examined the matter and confirmed the scheme's reopening was procedurally sound, with necessary approvals and disclosures ensuring investor protection. The tribunal noted the reopening occurred in January 2021, new investors were admitted, and the NAV increased. The tribunal determined that the creation of a segregated portfolio was discretionary for the Asset Management Company, and proceeds would be distributed proportionately among existing investors. Consequently, no grounds were found to set aside the original order.
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