TaxTMI 
TaxTMI 
Ravenna Investments Holding B.V. notified as the specified person for the purpose of section 10 sub-section (iv) of clause (c) of Explanation 1 to clause (23FE).
X X X X Extracts X X X X
X X X X Extracts X X X X
.... New Delhi, the 27th December, 2023 (INCOME-TAX) S.O. 5472(E).-In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act), the Central Government hereby specifies the pension fund, namely, Ravenna Investments Holding B.V (PAN: AAMCR8596D), (hereinafter ref....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ng with such return a certificate in Form No. 10BBC in respect of compliance with the provisions of clause (23FE) of section 10 of the Act, during the financial year, from an accountant as defined in the Explanation below sub-section (2) of section 288 of the Act, as per the provisions of clause (vi) of rule 2DB of the Income-tax Rules, 1962; (iii) the assessee shall intimate the details ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....efits or any similar compensation to the participants or beneficiaries of such funds or plans, as the case may be; (vii) the earnings and assets of the assessee should be used only for meeting statutory obligations and defined contributions for participants or beneficiaries of funds or plans referred to in clause (vi) and no portion of the earnings or assets of the pension fund inures any....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... to appoint directors or executive director shall not be considered as participation in the day to day operations of the investee. 2. Violation of any of the conditions as stipulated in clause (23FE) of section 10 of the Act and this notification shall render the assessee ineligible for the tax exemption. 3. This notification shall come into force from the date of its publication in the Offi....