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...
The regulator amended the Angel Fund framework and, having earlier required existing Angel Funds to disclose an allocation methodology in their PPMs and apply it to investments after October 15, 2025, has extended that compliance deadline to January 31, 2026. Thereafter, allocations must follow the disclosed methodology. All other aspects of the prior circular remain unchanged. The extension responds to industry requests for more time and is effective immediately, issued under the regulator's statutory powers to protect investors and regulate the securities market.
The regulator amended the Angel Fund framework and, having earlier required existing Angel Funds to disclose an allocation methodology in their PPMs and apply it to investments after October 15, 2025, has extended that compliance deadline to January 31, 2026. Thereafter, allocations must follow the disclosed methodology. All other aspects of the prior circular remain unchanged. The extension responds to industry requests for more time and is effective immediately, issued under the regulator's statutory powers to protect investors and regulate the securities market.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4918 
