AIIB, NDB and EBRD not to be treated foreign source under FCRA
MINISTRY OF HOME AFFAIRS
NOTIFICATION
New Delhi, the 1st February, 2019
S.O. 649(E).—In exercise of the power conferred by sub-clause (ii) of clause (j) of sub-section (1) of section 2 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010), the Central Government hereby specifies that the following international organisations shall not be treated as ‘foreign source’ for the purposes of the said Act, namely:—
(i) Asian Infrastructure Investment Bank (AIIB)
(ii) New Development Bank (NDB)
(iii) European Bank for Reconstruction and Development (EBRD)
[F. No. II/21022/23(78)/2018-FCRA-III]
ANIL MALIK, Jt. Secy.
It can never be the object of assessment proceedings to find an empirically, absolutely correct solution on every fact issue…
Penalty u/s 270A deleted as assesse filed revised computation during scrutiny correcting the mistake which was noticed only after the…
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…