Application of General Anti Avoidance Rule

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rties to the arrangement does not exceed a sum of rupees three crore; (b) a Foreign Institutional Investor, (i) who is an assessee under the Act; (ii) who has not taken benefit of an agreement referred to in section 90 or section 90A as the case may be; and (iii) who has invested in listed securities, or unlisted securities, with the prior permission of the competent authority, i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o, in respect of the tax benefit obtained from the arrangement on or after the 3 [1st day of April, 2017]. (3) For the purposes of this rule, - (i) Foreign Institutional Investor shall have the same meaning as assigned to it in the Explanation to section 115AD ; (ii) off shore derivative instrument shall have the same meaning as assigned to it in the Securities and Exchange Board of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dated day of 23 th September, 2013 w.e.f. 1st day of April, 2016 2. Substituted vide Not. 49/2016 - Dated 22-6-2016 , before it was read as, 30th day of August, 2010 3. Substituted vide Not. 49/2016 - Dated 22-6-2016 , before it was read as, 1st day of April, 2015 - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management I .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X