Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
SEBI amends the Alternative Investment Funds Regulations, 2012 by reducing the amount in the third proviso to regulation 10(c) from "two lakh" to "one thousand". It also inserts a condition in regulation 29(7) that satisfaction of liabilities is subject to conditions specified by the Board from time to time. A new regulation 29(10A) further permits an Alternative Investment Fund to be tagged as an inoperative fund, in the manner and subject to conditions specified by the Board. The amendments take effect on publication in the Official Gazette.
SEBI amends the Alternative Investment Funds Regulations, 2012 by reducing the amount in the third proviso to regulation 10(c) from "two lakh" to "one thousand". It also inserts a condition in regulation 29(7) that satisfaction of liabilities is subject to conditions specified by the Board from time to time. A new regulation 29(10A) further permits an Alternative Investment Fund to be tagged as an inoperative fund, in the manner and subject to conditions specified by the Board. The amendments take effect on publication in the Official Gazette.
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