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...
The regulator amends delisting rules to add special provisions for delisting equity shares of public sector undertakings (excluding banks, NBFCs and insurers). Delisting is permitted via fixed-price offers where the acquirer and other public sector undertakings hold at least 90% of the class, is approved by shareholders by special resolution (postal ballot/e-voting with full disclosure), and the floor price equals the highest of 52-week VWAP, 26-week highest acquisition price, or a joint valuation; the delisting price must be at least 15% above that floor. If voluntary strike-off occurs in the narrow window just after one year from delisting, unpaid amounts for remaining public shareholders must be held by the designated exchange for seven years and thereafter transferred to investor protection funds, with reimbursement procedures for the exchange.
The regulator amends delisting rules to add special provisions for delisting equity shares of public sector undertakings (excluding banks, NBFCs and insurers). Delisting is permitted via fixed-price offers where the acquirer and other public sector undertakings hold at least 90% of the class, is approved by shareholders by special resolution (postal ballot/e-voting with full disclosure), and the floor price equals the highest of 52-week VWAP, 26-week highest acquisition price, or a joint valuation; the delisting price must be at least 15% above that floor. If voluntary strike-off occurs in the narrow window just after one year from delisting, unpaid amounts for remaining public shareholders must be held by the designated exchange for seven years and thereafter transferred to investor protection funds, with reimbursement procedures for the exchange.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
