Specified pension fund designation: Indo Infra Inc eligible for tax exemption on qualifying Indian investments subject to compliance. Central Government designates Indo Infra Inc. as the specified person under clause (23FE) of section 10 for eligible investments in India until the 31st day of March, 2030, conditional on filing returns with a compliance certificate, quarterly investment intimations, segmented accounting for exempt investments, continued Canadian regulatory status, asset use restrictions to serve beneficiaries only, prohibition on borrowings for investment in India, and non participation in investee day to day operations except for protective monitoring rights.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified pension fund designation: Indo Infra Inc eligible for tax exemption on qualifying Indian investments subject to compliance.
Central Government designates Indo Infra Inc. as the specified person under clause (23FE) of section 10 for eligible investments in India until the 31st day of March, 2030, conditional on filing returns with a compliance certificate, quarterly investment intimations, segmented accounting for exempt investments, continued Canadian regulatory status, asset use restrictions to serve beneficiaries only, prohibition on borrowings for investment in India, and non participation in investee day to day operations except for protective monitoring rights.
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