Extended reassessment limitation in search cases requires asset-linked escaped income, invalidating additions based only on unexplained money or expen...
Enhanced tolerance band under section 43CA applies retrospectively, deleting qualifying deemed-sale additions while disputed stamp valuation requires ...
Customs transaction value rejection requires communicated reasonable doubt, while written reassessment acceptance preserves challenges to enhanced val...
Challenge-mechanism compliance clarifications permitted, while unilateral revised resolution plans may be refused under creditors' commercial discreti...
The regulator revised Angel Fund rules under the AIF regime: funds may raise capital only from Accredited Investors (new registrations immediately; existing funds must comply by Sept 8, 2026 and may have no more than 200 non-accredited investors until then), and must onboard at least five Accredited Investors before first close (within 12 months of PPM record). Investments must be made at fund level without scheme filings (term sheets retained), follow-on investments capped so post-issue shareholding ≤ pre-issue and total investment ≤ INR 25 crore, follow-ons pro-rata, and lock-in is one year (six months for third-party sale). Overseas limits, allocation methodology, pro-rata distribution rules, classification, audit/reporting thresholds and other operational clarifications apply immediately.
The regulator revised Angel Fund rules under the AIF regime: funds may raise capital only from Accredited Investors (new registrations immediately; existing funds must comply by Sept 8, 2026 and may have no more than 200 non-accredited investors until then), and must onboard at least five Accredited Investors before first close (within 12 months of PPM record). Investments must be made at fund level without scheme filings (term sheets retained), follow-on investments capped so post-issue shareholding ≤ pre-issue and total investment ≤ INR 25 crore, follow-ons pro-rata, and lock-in is one year (six months for third-party sale). Overseas limits, allocation methodology, pro-rata distribution rules, classification, audit/reporting thresholds and other operational clarifications apply immediately.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
