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...
SEBI permits an AIF investment manager, pending receipt of an accreditation certificate, to execute the contribution agreement and commence related operational processes based on its assessment of an investor's eligibility, but the investor's commitment must be excluded from scheme corpus calculations until accreditation is obtained and the scheme may accept funds only after the accreditation certificate is issued, preserving corpus-based prudential norms. For net-worth based accreditation, the requirement to submit a detailed net-worth break-up as an annexure to the net-worth certificate is removed, and it is clarified that a chartered accountant may certify satisfaction of the prescribed threshold without stating the actual net worth, reducing documentary compliance. AIF trustee/sponsor/manager must ensure the Compliance Test Report covers compliance with these directions, effective immediately.
SEBI permits an AIF investment manager, pending receipt of an accreditation certificate, to execute the contribution agreement and commence related operational processes based on its assessment of an investor's eligibility, but the investor's commitment must be excluded from scheme corpus calculations until accreditation is obtained and the scheme may accept funds only after the accreditation certificate is issued, preserving corpus-based prudential norms. For net-worth based accreditation, the requirement to submit a detailed net-worth break-up as an annexure to the net-worth certificate is removed, and it is clarified that a chartered accountant may certify satisfaction of the prescribed threshold without stating the actual net worth, reducing documentary compliance. AIF trustee/sponsor/manager must ensure the Compliance Test Report covers compliance with these directions, effective immediately.
Note: It is a system-generated summary and is for quick reference only.
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