Specified person u/s 10(23FE) for the purposes of eligible investment made by it in India - Central Government specifies the pension fund, namely, CPPIB Credit Investments VI Inc. - 86/2022 - Income Tax Act, 1961
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Specified person status under section 10(23FE) grants CPPIB Credit Investments VI Inc tax exemption subject to compliance. CPPIB Credit Investments VI Inc. is specified as the specified person under clause (23FE) of section 10, subject to conditions: timely filing of returns; certificate in Form No. 10BBC; quarterly investment intimation in Form No. 10BBB; maintenance of segmented accounts; continued regulation under Canadian law; administering assets for statutory retirement or similar plans; exclusive use of earnings and assets for beneficiaries; no borrowings to make investments in India; and no participation in investee day-to-day operations.
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 person status under section 10(23FE) grants CPPIB Credit Investments VI Inc tax exemption subject to compliance.
CPPIB Credit Investments VI Inc. is specified as the specified person under clause (23FE) of section 10, subject to conditions: timely filing of returns; certificate in Form No. 10BBC; quarterly investment intimation in Form No. 10BBB; maintenance of segmented accounts; continued regulation under Canadian law; administering assets for statutory retirement or similar plans; exclusive use of earnings and assets for beneficiaries; no borrowings to make investments in India; and no participation in investee day-to-day operations.
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