Dependent Agent PE unresolved for lack of factual inquiry; arm's-length distribution accepted; royalty claim rejected; 15% refund interest (Section 24...
Exemption under s.10(23C)(iiiad) upheld; appeal allowed, interest and dividends excluded from annual receipts, disallowance deleted, capital gains exe...
A government department clarified that exports of services from one Special Economic Zone (SEZ) unit to another SEZ unit, and from Domestic Tariff Area (DTA) units to SEZ units, are not subject to FEMA regulations and therefore do not require filing SOFTEX forms or EDF declarations; the instruction, issued in consultation with the central bank and approved by the competent authority, directs zonal SEZ officials to notify stakeholders accordingly.
A government department clarified that exports of services from one Special Economic Zone (SEZ) unit to another SEZ unit, and from Domestic Tariff Area (DTA) units to SEZ units, are not subject to FEMA regulations and therefore do not require filing SOFTEX forms or EDF declarations; the instruction, issued in consultation with the central bank and approved by the competent authority, directs zonal SEZ officials to notify stakeholders accordingly.
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