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...
Authorised Dealers must not undertake foreign exchange derivative contracts involving INR with related parties, except for cancellation and rollover of existing contracts and back-to-back transactions with non-related non-resident users under the applicable Master Direction. The term "related parties" is to be read consistently with Ind AS 24, IAS 24, or equivalent accounting standards. The circular withdraws the earlier instruction issued on April 1, 2026 and applies with immediate effect.
Authorised Dealers must not undertake foreign exchange derivative contracts involving INR with related parties, except for cancellation and rollover of existing contracts and back-to-back transactions with non-related non-resident users under the applicable Master Direction. The term "related parties" is to be read consistently with Ind AS 24, IAS 24, or equivalent accounting standards. The circular withdraws the earlier instruction issued on April 1, 2026 and applies with immediate effect.
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