Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
The amendment permits debenture trustees to undertake other financial-sector or fee-based non-fund activities on an arm's-length basis through separate business units, subject to conditions and specified regulator guidelines; trustees also must ring-fence required net worth and, if regulated by the central bank, operate debenture-trustee functions via a separate unit, with a six-month transition window for existing registrants. Trust deed acceptance must follow section 71/Format SH.12 timelines, allowing deviations only with a key summary and rationale in issuer disclosures. Trustees gain express inspection and information-call powers and may use a Recovery Expense Fund with debenture-holder consent.
The amendment permits debenture trustees to undertake other financial-sector or fee-based non-fund activities on an arm's-length basis through separate business units, subject to conditions and specified regulator guidelines; trustees also must ring-fence required net worth and, if regulated by the central bank, operate debenture-trustee functions via a separate unit, with a six-month transition window for existing registrants. Trust deed acceptance must follow section 71/Format SH.12 timelines, allowing deviations only with a key summary and rationale in issuer disclosures. Trustees gain express inspection and information-call powers and may use a Recovery Expense Fund with debenture-holder consent.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
