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...
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.
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