Advance pricing agreement methodology can guide benchmarking for non-covered years when functions, assets, risks and activities remain materially unch...
Tax-audit exemption for substantially State-funded educational universities prevents audit-failure penalties where income qualifies for statutory exem...
Functional, asset and risk analysis excludes diversified technology companies from captive software development comparables under cost-plus arrangemen...
Mobile-phone electronic evidence failed to establish customs undervaluation, while duty survived on non-authentic origin certificates without importer...
Automotive radio classification treats integrated infotainment features as supplementary, placing complete and qualifying unassembled units under the ...
Separate corporate personality prevents directors from being personally liable for company deposits without a guarantee or independent legal undertaki...
Vault Managers storing bullion underlying Electronic Gold Receipts, bullion ETFs, bullion derivatives, or other permitted instruments must comply with an expanded vaulting framework. They must ensure underlying bullion has never exited the vaulting system, reconcile physical holdings with relevant records, segregate holdings instrument-wise and entity-wise, deliver bullion to prescribed standards, and indemnify beneficial owners for losses. Entities may use vaulting services for such bullion only from registered Vault Managers; existing providers may continue for three months if they apply for registration within that period. Every Vault Manager must appoint a compliance officer for independent non-compliance reporting and quarterly investor-grievance reporting. SEBI may prescribe procedures and grant conditional relaxations for procedural or technical matters and events beyond an entity's control. The amendments take effect 90 days after Gazette publication.
Vault Managers storing bullion underlying Electronic Gold Receipts, bullion ETFs, bullion derivatives, or other permitted instruments must comply with an expanded vaulting framework. They must ensure underlying bullion has never exited the vaulting system, reconcile physical holdings with relevant records, segregate holdings instrument-wise and entity-wise, deliver bullion to prescribed standards, and indemnify beneficial owners for losses. Entities may use vaulting services for such bullion only from registered Vault Managers; existing providers may continue for three months if they apply for registration within that period. Every Vault Manager must appoint a compliance officer for independent non-compliance reporting and quarterly investor-grievance reporting. SEBI may prescribe procedures and grant conditional relaxations for procedural or technical matters and events beyond an entity's control. The amendments take effect 90 days after Gazette publication.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4901 
