Power to receive documentary evidence upheld; documents referred in complaint may be placed on record without amendment where omission was inadvertent...
Proof of foreign public documents requires originals or certified diplomatic/notarial copies; inspection must occur in-magna presence and cross-examin...
Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
The Core Settlement Guarantee Fund set up by AMC Repo Clearing Limited is notified for the purposes of section 10(23EE) of the Income-tax Act, 1961 in relation to the specified income described in Explanation (iii) to that clause for assessment year 2024-25 and subsequent assessment years, thereby enabling such specified income to be excluded from total income to the extent permitted by section 10(23EE). The notification is operative only if the fund continues to comply with section 10(23EE) conditions, including filing its return of income under section 139(4C) and AMC Repo Clearing Limited remaining recognised as a clearing corporation by SEBI.
The Core Settlement Guarantee Fund set up by AMC Repo Clearing Limited is notified for the purposes of section 10(23EE) of the Income-tax Act, 1961 in relation to the specified income described in Explanation (iii) to that clause for assessment year 2024-25 and subsequent assessment years, thereby enabling such specified income to be excluded from total income to the extent permitted by section 10(23EE). The notification is operative only if the fund continues to comply with section 10(23EE) conditions, including filing its return of income under section 139(4C) and AMC Repo Clearing Limited remaining recognised as a clearing corporation by SEBI.
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