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...
Regulations amend the 2018 framework for depositories and participants, effective 30 days after publication. They expand board composition to include executive directors and redefine regulation 26 to cover appointment, role, and responsibilities of the managing director, who must manage overall affairs, compliance, risk, public-interest functions under Verticals 1 and 2, and infrastructure adequacy. A new regulation 26A mandates each depository to appoint at least two executive directors heading Verticals 1 and 2, with status, tenure, age limits, and appointment processes aligned with the managing director, and board-service restrictions. New regulations 81B and 81C require appointment of a chief technology officer and chief information security officer with specified technology, cybersecurity, and risk-management functions.
Regulations amend the 2018 framework for depositories and participants, effective 30 days after publication. They expand board composition to include executive directors and redefine regulation 26 to cover appointment, role, and responsibilities of the managing director, who must manage overall affairs, compliance, risk, public-interest functions under Verticals 1 and 2, and infrastructure adequacy. A new regulation 26A mandates each depository to appoint at least two executive directors heading Verticals 1 and 2, with status, tenure, age limits, and appointment processes aligned with the managing director, and board-service restrictions. New regulations 81B and 81C require appointment of a chief technology officer and chief information security officer with specified technology, cybersecurity, and risk-management functions.
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