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.
Non issuance of notice u/s 143(2) for return filed u/s 148 even though belatedly, makes the assessment framed bad in…
Calculation of functional disability depends on assessing the victim’s earning capacity in the open, competitive market – Supreme Court In…
Appeal against every decision of ITAT shall lie only before the High Court within whose jurisdiction the Assessing Officer who…
Supreme Court recommends action against Commissioner of Customs who relied upon non-existent AI generated case laws. Supreme Court recommends action…
ITAT power to pass such orders "as it thinks fit" implies a judicial discretion to be exercised within the parameters…
Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…