Cross-border consultancy is permitted but subject to strict independence, tax, and foreign exchange compliance norms. Proper structuring and documentation are essential to avoid disciplinary exposure.
The ruling affirms India’s shift from literal interpretation to a substance-based tax regime. It clarifies that transactions existing only on paper, without real business purpose, may face denial of tax benefits under GAAR.
CESTAT Delhi held that statement of witness recorded under section 108 of the Customs Act cannot be considered as relevant since procedure prescribed under section 138B of the Customs Act is not followed. Accordingly, penalty imposed u/s. 112(a) is set aside.
DGFT directed Regional Authorities to proportionately reduce Average Export Obligation for sectors witnessing over 5% export decline. The relief applies under Para 5.17(a) of FTP 2023 and must be endorsed in EPCG authorisations.
SEBI has directed all regulated entities and their agents to prominently display their registered name and registration number on social media posts related to the securities market. The move aims to distinguish regulated content from unregistered sources and strengthen investor protection.
CESTAT Delhi held that statement made under section 108 of the Customs Act cannot be considered as relevant as the procedure contemplated under section 138B of the Customs Act was not followed. Thus, penalty imposed under section 112(a)(i) cannot be sustained.
SEBI issued a caution after fraudsters circulated forged notices demanding Securities Transaction Tax payments. The regulator clarified it does not issue STT payment notices and urged investors to verify communications through official channels.
SEBI has directed mutual funds to value physical Gold and Silver using polled spot prices from recognized stock exchanges instead of LBMA AM fixing. The change, effective April 1, 2026, aims to align valuations with domestic market conditions and ensure uniformity.
SEBI issued an alert after fraudsters offered to manage trading accounts while promising guaranteed returns. The regulator clarified that such account handlers are unregistered and advised investors not to share login credentials.
Rule 51 limits Indian resident participation in original funds to 5% for specific AIF transfers, while Rule 52 standardises exchange rates for non-residents computing capital gains under Section 72.
