Transfer pricing and tax deductions upheld on established principles, while employee contributions and warranty provisions returned for fresh examinat...
Captive transfer pricing relies on industrial consumer tariffs, while genuine quotations can benchmark effluent treatment transfers under the Other Me...
Specific tariff classification for ophthalmic instruments and extended limitation principles determine the treatment of duty demands, confiscation, an...
Integrated golf function determines classification, placing launch monitors and simulators under other golf equipment rather than measuring instrument...
Public servant status under anti-corruption law extends to recognised stock exchange leadership; constitutional and sanction challenges do not succeed...
Acquiescence, homebuyer protection and clean-slate resolution principles prevent landowners from disrupting an integrated project through late termina...
The amendment revises the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to tighten foreign investment controls for investors linked to countries sharing a land border with India. Such investors, and investors whose beneficial ownership falls within those restrictions, may invest only under the Government route; citizens or entities of Pakistan are also confined to the Government route in sectors other than defence, space, atomic energy and other prohibited activities. Any direct or indirect transfer that brings beneficial ownership within these restrictions requires prior Government approval. The amendment also clarifies beneficial ownership concepts, exempts multilateral banks or funds of which India is a member from country attribution, introduces reporting for certain permitted investments, and treats participating interest or rights in oil fields as foreign investment subject to Schedule I.
The amendment revises the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to tighten foreign investment controls for investors linked to countries sharing a land border with India. Such investors, and investors whose beneficial ownership falls within those restrictions, may invest only under the Government route; citizens or entities of Pakistan are also confined to the Government route in sectors other than defence, space, atomic energy and other prohibited activities. Any direct or indirect transfer that brings beneficial ownership within these restrictions requires prior Government approval. The amendment also clarifies beneficial ownership concepts, exempts multilateral banks or funds of which India is a member from country attribution, introduces reporting for certain permitted investments, and treats participating interest or rights in oil fields as foreign investment subject to Schedule I.
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