Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
The amendment relaxes the REIT asset-quality thresholds in the 2014 Regulations by reducing the prescribed credit risk value benchmark from 12 to 10 in the relevant definitions and investment conditions, and by expanding the eligible risk matrix category to include Class B-I alongside Class A-I. It also makes a drafting correction to capitalisation in the reference to Government Securities, treasury bills and repo on Government Securities. These changes take effect on publication in the Official Gazette and alter the classification and eligibility criteria applicable to REIT-related holdings.
The amendment relaxes the REIT asset-quality thresholds in the 2014 Regulations by reducing the prescribed credit risk value benchmark from 12 to 10 in the relevant definitions and investment conditions, and by expanding the eligible risk matrix category to include Class B-I alongside Class A-I. It also makes a drafting correction to capitalisation in the reference to Government Securities, treasury bills and repo on Government Securities. These changes take effect on publication in the Official Gazette and alter the classification and eligibility criteria applicable to REIT-related holdings.
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