Central Government specifies the sovereign wealth fund, namely, the Norfund, Government of Norway

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....the said investment has been made and ending on the date on which such investment is liquidated, on or before the due date specified for furnishing the return of income under sub-section (1) of section 139 of the Act; (ii) the assessee shall get its books of account audited for the previous years referred to in clause (i) by any accountant specified in the Explanation below sub-section (2) of section 288 of the Act and furnish the Audit Report in the format annexed as Annexure to this notification herewith at least one month prior to the due date specified for furnishing the return of income under sub-section (1) of section 139 of the Act; (iii) the assessee shall furnish a quarterly statement within one month from the end of each quarter electronically in Form II as annexed to the Circular No 15 of 2020, dated the 22nd July, 2020 with F. No. 370142/26/2020-TPL, issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes (Tax Policy and Legislation Division), in respect of each investment made by it during the said quarter; (iv) the assessee shall maintain a segmented account of income and expenditure in respect of such investment which qualifies f....

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................................................... as per the requirement under the Notification No ...../...... dated ......... published in the Official Gazette on .......... 2. In *my/ our opinion and to the best of *my/ our information and according to examination of books of account including other relevant documents and explanations given to *me/us, it is certified that the assessee *has/ has not complied with the conditions as laid down under clause (23FE) of section 10 of the Income-tax Act, 1961 and those provided in the said notification specifying the assessee being the Sovereign Wealth Fund as specified person for the purposes of claiming exemption under the said clause (23FE). 2.1 *The conditions not complied with by the assessee are as under:- (a) ........................................................................................................ (b) ........................................................................................................ 3. In *my/our opinion and to the best of *my/ our information and according to examination of books of account including other relevant documents and explanations given to *me/us, the particulars given in the P....

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....nbsp;                                                              : 10. The opening balance (i.e. the closing balance as on the last date of the preceding financial year) of the investment made which is eligible for exemption under clause (23FE) of section 10 is ______________(in rupees) and details of the investment by the Sovereign Wealth Fund (SWF) during the period are as under  :                                                                 Table Sl. No. Date of invest -ment Amount of invest -ment Nature of invest -ment (Instr -uction 4) Nature of income  (instruction 5) Amount of income on invest -ment during the year Details of the entity in which Investment ma....

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....d controls the SWF, directly or indirectly Yes/No (b) Mention the name of the government of foreign country which owns and controls the SWF, directly or indirectly   (c) Whether the government of foreign country owns and controls the SWF, directly or indirectly Directly/ Indirectly (d) In case if government of foreign country owns and controls the SWF, indirectly give details of the chain of ownership   (e) Name of the law under which the SWF is set up and regulated   (f) Whether the earnings of the said fund are credited either to the account of the Government of that foreign country or to any other account designated by that Government so that no portion of the earnings inures any benefit to any private person barring any payment made to creditors or depositors for loan taken or borrowing for the purposes other than for making investment in India. Yes/No (g) Whether the asset of the said fund vests in the Government of such foreign country upon dissolution barring any payment made to creditors or depositors for loan taken or borrowing for the purposes other than for making investment in India. Yes/No (h) If answer to (f) or (g) is....