https://www.taxtmi.com/notifications?id=136715 The amendment creates a procedure for relief in cases of indirect transfer of assets situate in India (pre-28 May 2012) requiring the declarant to submit an authorised undertaking in Form No.1 with undertakings from all interested parties and an indemnity bond, irrevocably withdrawing appeals, arbitrations and enforcement proceedings and waiving claims against India and Indian affiliates. On receipt the Commissioner may issue a certificate in Form No.2 or reject the undertaking; after filing the intimation in Form No.3 the Commissioner may grant relief by Form No.4, directing revocation of attachments and refund of recovered demand without interest, subject to prescribed timelines, proofs, public notice and enforceability under Indian law. en-us Fri, 01 Oct 2021 00:00:00 +0530 Tue, 01 Mar 2022 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=136715 The amendment creates a procedure for relief in cases of indirect transfer of assets situate in India (pre-28 May 2012) requiring the declarant to submit an authorised undertaking in Form No.1 with undertakings from all interested parties and an indemnity bond, irrevocably withdrawing appeals, arbitrations and enforcement proceedings and waiving claims against India and Indian affiliates. On receipt the Commissioner may issue a certificate in Form No.2 or reject the undertaking; after filing the intimation in Form No.3 the Commissioner may grant relief by Form No.4, directing revocation of attachments and refund of recovered demand without interest, subject to prescribed timelines, proofs, public notice and enforceability under Indian law. Notifications Income Tax Fri, 01 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=136715