number
of Foreign Institutional Investors s (hereinafter referred to as "the
FIIs"), which were resident in Mauritius, invested large amounts of
capital ... some of the income tax
authorities issued show cause notices to some FIIs functioning in
India calling upon them to show cause
sold by the plaintiff to defendant No. 2, a foreign institutional investor (FII), in October, 1993, and the said transfer was registered by the company ... December, 1993. Defendant No. 2 (through defendant No. 8 also an FII), thereafter, sold 5,89,000 shares to defendants Nos. 6 and 7 (also
invest through stock exchange
in India unless it is approved as FII by the regulatory authorities viz.
RBI, SEBI etc.
(2) In case, the assessee ... company is a registered FII or sub account of
any registered FII, which is not permitted to buy and sell securities
without taking delivery. Accordingly
HFCL') by FGSBPL, to Foreign Institutional
Investors (for short 'FIIs') and their sub-accounts, at
half the prevailing market rates. Earlier ... private placement
basis by group of companies of the petitioner to FIIs.
RBI in their letter dated 11th December, 2001 confirmed
that the sale
Circular No. 789
was a policy measure intended to provide certainty to FIIs and similarly placed
investors. It does not extend to business investments ... Rule 10U to demonstrate that only limited categories of FII-related
investments are excluded from GAAR scrutiny. Business investments and
indirect transfers are not insulated
Hstn Acquisition (Fii) Ltd vs Deputy Commissioner Of Income-Tax, Int ... on 29 March, 2022
Author: K.R. Shriram
Bench: K.R. Shriram
institutional land and buildings.
21. The Chandigarh Administration issued notification No.774-
FII(8)-2003/2779 dated 7.5.2003 specifying that the tax on commercial,
industrial ... being
used for commercial purposes."
23. Another notification No.774-FII(8)-2003/2774 dated 7.5.2003
was issued whereby the amended draft Bye-Laws
brokers pertaining to transactions entered into by the
foreign institutional investors (FIIs) through the brokers.
According to them, the total amount of STT collected from ... observed that the figure of discrepancy pertaining to FIIs
transaction was likely to be higher as the discrepancies
noticed by the Assessing Officer was from
Hstn Acquisition (Fii) Ltd. (In ... vs Deputy Commissioner Of Income Tax ... on 9 September, 2022
Author: Manmohan
Bench: Manmohan , Manmeet Pritam Singh Arora ... DELHI AT NEW DELHI
+ W.P.(C) 13047/2022
HSTN ACQUISITION (FII) LTD. (IN LIQUIDATION)..... Petitioner
Through: Mr.Ajay Vohra, Sr.Advocate with
Mr.Aniket
other
,g;~;=
connected §Z}8titiGf'§S) submits that the alternative remedy fiiing
the statutory appeal is not efficacious; but it is enei ... 1the.jit.miVo'l capacities of e Nodal Qfficer for fiiing the review petition
if-..en<:l' as; 3 reassessment officer
