Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
The amendment revises the Infrastructure Investment Trusts framework by updating the definition of liquid assets to include units of liquid mutual fund schemes meeting prescribed credit risk and risk-class criteria, and by aligning terminology for Government Securities. It also modifies special purpose vehicle conditions: PPP-linked acquisition restrictions are carved out where concession or regulatory terms prohibit holding, SPVs remain classified as such despite concession termination subject to Board conditions, and related drafting changes are made. The regulations further relax eligible investment categories and allow deployment for other purposes specified by the Board.
The amendment revises the Infrastructure Investment Trusts framework by updating the definition of liquid assets to include units of liquid mutual fund schemes meeting prescribed credit risk and risk-class criteria, and by aligning terminology for Government Securities. It also modifies special purpose vehicle conditions: PPP-linked acquisition restrictions are carved out where concession or regulatory terms prohibit holding, SPVs remain classified as such despite concession termination subject to Board conditions, and related drafting changes are made. The regulations further relax eligible investment categories and allow deployment for other purposes specified by the Board.
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