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The Finance Bill, 2023 was introduced at the time of presentation of the Union Budget for financial year FY 2023-24 by the Indian Finance Minister on February 01, 2023. Amendments were proposed to Finance Bill through notice of amendments passed by Lok Sabha. ....
While the ITAT makes it clear that beneficial ownership cannot be seen as a rider for availing benefits under Article 13 of the Treaty, remanding the matter to the Assessing Officer seems to be unwarranted and is likely to prolong litigation on the issue. ....
Currently, PKS Family Trust and VKS Family Trust hold 28.74 per cent stake each in the company, Sequoia Capital holds 28.73 per cent stake, India Advantage Fund has 12.69 per cent stake and Dynamic India Fund owns 1.1 per cent stake in the firm. ....