manufacturing electrical equipments, pursuant to approval dated 31st August, 1994 granted by FIPB. The said approval was taken by Schneider, allegedly without disclosing to FIPB ... company as required under Press Note No.18 of 1998 issued by FIPB. Under the Press Note No.18 issued by FIPB, foreign companies having
commenced its operations after getting approval from the Foreign
Investment Promotion Board (FIPB) with reference to prospecting
and mining of diamonds and other minerals (except ... learned Counsel submitted that the assessee obtained FIPB
permission as early as October, 1996 which was amended by the
letters dated 15/07/1997
agreement and approval
granted by Foreign Investment Promotion Board (FIPB) dated
25.09.2000, the assessee was required to pay to its parent AE, USD 10
million ... worldwide agreement and approval of the government agency,
i.e. FIPB, it has to be accepted that the assessee has complied with the
arm length
granted by Government of India,
Ministry of Finance, Department of Economics Affairs FIPB Unit
regarding application for foreign collaboration (STA Regd. No. FCI 503
dated ... granted by
Government of India, Ministry of Finance, Department
of Economic, Affairs FIPB Unit regarding application
for foreign collaboration (STA Regn. No. FCI 503
dated
granted by Government of
India, Ministry of Finance, Department of Economics
Affairs FIPB Unit regarding application for foreign
collaboration (STA Regd. No. FCI 503 dated ... granted by Government of
India, Ministry of Finance, Department of Economic,
Affairs FIPB Unit regarding application for foreign
collaboration (STA Regn. No. FCI 503 dated
established pursuant to certain approvals received from the
Foreign Investment Promotion Board[FIPB], for making downstream investments
into other companies, engaged in cement and related ... industry. The assessee
company was accorded approval on 18.12.2002 by FIPB for non resident
investment in M/s Ambuja Cement Eastern India Ltd., for further
foreign companies cannot invest
till an approval is obtained from the FIPB; that for such an approval, a
company is required ; that it is therefore ... foreign companies is
not permissible in the absence of approval from FIPB. It was for such
Authorised Representative(AR) submitted that swapping of shares was approved
by the FIPB,Govt.of India in 2003, that merchant bankers report was filed before ... FIPB, that a
valuation report,prepared by a chartered accountant, was made available to the AO, that due to
shortage of time certain papers could
share capital and shareholding pattern;
(iv) Approval of Foreign Investment Promotion Board (FIPB) for
development of integrated township project;
(v) Appointment of IJMII
holding-cum-
operating company as approved by Foreign Investment Promotion
Board (FIPB) unit of Govt. of India, Ministry of Finance (Department
of Economic Affairs ... Counsel for the Assessee referring to the
application made to FIPB at Page 60 of the Paper Book submits that
the assessee company being
