Tax authority's substitution of projected figures with actuals overturned; original acquisition valuation upheld; transfer pricing issues remitted for...
Beneficial owner held liable for differential customs duty; royalties added under Rule 10(1)(c); confiscation, penalties under s.111(m), s.114A, s.112...
The competent authority clarifies renewal requirements under the FCRA: registrants must apply for renewal within six months before expiry, filing Form FC-3C electronically with Proforma AA affidavits; the government ordinarily renews within 90 days of receipt. Many associations submit applications less than 90 days before expiry, preventing adequate scrutiny and inputs from security agencies, resulting in certificates lapsing and bars on receiving or using foreign contribution while renewal remains pending. Associations are therefore instructed to submit renewal applications well in advance, and in any event no later than four months before certificate expiry to avoid disruption.
The competent authority clarifies renewal requirements under the FCRA: registrants must apply for renewal within six months before expiry, filing Form FC-3C electronically with Proforma AA affidavits; the government ordinarily renews within 90 days of receipt. Many associations submit applications less than 90 days before expiry, preventing adequate scrutiny and inputs from security agencies, resulting in certificates lapsing and bars on receiving or using foreign contribution while renewal remains pending. Associations are therefore instructed to submit renewal applications well in advance, and in any event no later than four months before certificate expiry to avoid disruption.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
