Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
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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