Friday, 5 October 2012

•Establishment of LO /BO / PO in India by Foreign Entities – Reporting requirement [Circular No.35]

To Read the notification click here

http://www.caalley.com/fema12/CEEL250912.pdf

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Calcutta High Court Reaffirms: Suspicion Cannot Replace Evidence in Share Capital Cases

In   PCIT v. Shipra Enclave (P.) Ltd. , the Calcutta High Court dismissed the Revenue’s appeal, holding that share capital additions cannot ...