Unsigned third-party records cannot establish on-money payments without corroboration and cross-examination, requiring deletion of the related additio...
Service-tax exemptions for railway and Government works restrict de novo reassessment, while unsupported limitation and consultation failures invalida...
The regulator permits an interim arrangement allowing registered investment advisers and research analysts to share certified past performance for periods before the launch of the Past Risk and Return Verification Agency (PaRRVA), subject to conditions: certification by a member of ICAI/ICMAI; disclosure only on specific client request and on a one-to-one basis (no public/media/website dissemination); enrolment with PaRRVA within three months of its operationalisation; inclusion of a prescribed disclaimer; templates to be issued by supervisory bodies; and a two-year cutoff after PaRRVA launch, after which only PaRRVA-verified metrics may be used. Noncompliance attracts enforcement, including summary proceedings under applicable intermediary regulations.
The regulator permits an interim arrangement allowing registered investment advisers and research analysts to share certified past performance for periods before the launch of the Past Risk and Return Verification Agency (PaRRVA), subject to conditions: certification by a member of ICAI/ICMAI; disclosure only on specific client request and on a one-to-one basis (no public/media/website dissemination); enrolment with PaRRVA within three months of its operationalisation; inclusion of a prescribed disclaimer; templates to be issued by supervisory bodies; and a two-year cutoff after PaRRVA launch, after which only PaRRVA-verified metrics may be used. Noncompliance attracts enforcement, including summary proceedings under applicable intermediary regulations.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4925 
