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...
Regulator permits transfer of portfolio management services (PMS) subject to prior approval: intra-group transfers may be of select investment approaches or the entire PMS (if entire business transferred, transferor must surrender registration within 45 working days); transfers between unrelated portfolio managers require a joint application, mandate transfer of the entire PMS, and obligate the transferee to assume all acts, deeds, liabilities and pending litigation via an undertaking. The transfer must be completed within two months of approval; until completion the transferor remains manager but cannot onboard new clients and must surrender registration upon handover. The circular is effective immediately and prescribes specified undertakings and documentary enclosures.
Regulator permits transfer of portfolio management services (PMS) subject to prior approval: intra-group transfers may be of select investment approaches or the entire PMS (if entire business transferred, transferor must surrender registration within 45 working days); transfers between unrelated portfolio managers require a joint application, mandate transfer of the entire PMS, and obligate the transferee to assume all acts, deeds, liabilities and pending litigation via an undertaking. The transfer must be completed within two months of approval; until completion the transferor remains manager but cannot onboard new clients and must surrender registration upon handover. The circular is effective immediately and prescribes specified undertakings and documentary enclosures.
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