Transfer-pricing treatment of ITeS margins excludes pass-through tax recoveries and separate delayed-receivables interest after working-capital adjust...
Capacity-utilisation adjustments under TNMM can neutralise substantiated COVID-related idle costs where underutilisation materially affects profitabil...
TNMM functional comparability requires excluding rice manufacturers from a pure Basmati rice trader's benchmark and recognising operating export recei...
Working-capital adjustment subsumes delayed-receivable effects in TNMM benchmarking of captive software-development services, avoiding separate notion...
Transfer-pricing comparability requires exclusion of financially illogical super-profit comparables and correction of unsupported annual-report and ma...
Charitable character assessment preserves Section 80G approval despite inclusive spiritual teachings and incidental religious expenditure within the s...
Penalty proceedings for cash-loan acceptance require assessment proceedings and recorded Assessing Officer satisfaction; absent these, the proceedings...
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A federal agency filed a case against a Bengaluru-based credit payment app company for violating foreign direct investment (FDI) rules by receiving over Rs 913 crore without required government approvals. The company obtained FDI under the automatic route and issued convertible notes without prior government consent, contrary to the Foreign Exchange Management Act. Although the company declared its business as information technology services, its financial activities required FDI approval under the 100 percent approval route. The agency's investigation revealed the company received Rs 648 crore in FDI and issued convertible notes worth Rs 264 crore without the necessary government permissions, rendering it liable for legal proceedings under foreign exchange regulations.
A federal agency filed a case against a Bengaluru-based credit payment app company for violating foreign direct investment (FDI) rules by receiving over Rs 913 crore without required government approvals. The company obtained FDI under the automatic route and issued convertible notes without prior government consent, contrary to the Foreign Exchange Management Act. Although the company declared its business as information technology services, its financial activities required FDI approval under the 100 percent approval route. The agency's investigation revealed the company received Rs 648 crore in FDI and issued convertible notes worth Rs 264 crore without the necessary government permissions, rendering it liable for legal proceedings under foreign exchange regulations.
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